Cisr operations 1 - Study guides, Class notes & Summaries

CISR Commercial Casualty I Lesson 1 L Questions and Answers 100% Pass Legal Liability - Correct Answer ️️ -A responsibility or obligation to others, which courts recognize and enforce. In general failure to meet this duty often results in the imposition of monetary damages. 3 Types of Legal Liability - Correct Answer ️️ -Tort Liability, Statutory Liability, Contractual Liability 4 Types of Tort Liability - Correct Answer ️️ -Negligence, Intentional Torts, Strict Liability, Ab...

CISR Commercial Casualty I Lesson 1 L Exam Questions and Answers 100% Pass Legal Liability - Correct Answer ️️ -A responsibility or obligation to others, which courts recognize and enforce. In general failure to meet this duty often results in the imposition of monetary damages. 3 Types of Legal Liability - Correct Answer ️️ -Tort Liability, Statutory Liability, Contractual Liability 4 Types of Tort Liability - Correct Answer ️️ -Negligence, Intentional Torts, Strict Liabilit...

CISR Commercial Casualty I Lesson 1 L Exam Questions and Answers 100% Pass Legal Liability - Correct Answer ️️ -A responsibility or obligation to others, which courts recognize and enforce. In general failure to meet this duty often results in the imposition of monetary damages. 3 Types of Legal Liability - Correct Answer ️️ -Tort Liability, Statutory Liability, Contractual Liability 4 Types of Tort Liability - Correct Answer ️️ -Negligence, Intentional Torts, Strict Liabilit...

CISR Insuring Commercial Property Exam 146 Questions with Answers Select the answer that most closely describes Actual Cash Value (ACV). - CORRECT ANSWER A method of establishing the value of property wherein depreciation and obsolescence are deducted from the value of the property. Select the answer that most closely describes Functional Replacement Cost. - CORRECT ANSWER A provision which changes the policy valuation so as to provide for replacement with a different structure which per...

Commercial Casualty I – CISR, exam review Questions and answers, rated A+ Identifying liability exposures is important when selecting the type of liability insurance a business may need. An electrician installs a light fixture for one of his customers. Several weeks later, the light fixture falls, causing injury to some people standing below. What type of liability exposure is this? completed operations A contractor operating a bulldozer to clear some land accidentally damages some un...

CISR - Elements of Risk Management Exam 132 Questions with Answers A ____ is a cause of loss - CORRECT ANSWER peril A situation, behavior, or condition that may lead to adverse financial consequences - CORRECT ANSWER exposure A cyberattack is an example of a ____ - CORRECT ANSWER peril An Insured who shows no regard for his insured property demonstrates a - CORRECT ANSWER morale hazard A spill on a supermarket aisle is an example of a ____ because it increases the likelihood...

CISR Commercial Casualty I Lesson 1 L Verified Answers Legal Liability A responsibility or obligation to others, which courts recognize and enforce. In general failure to meet this duty often results in the imposition of monetary damages. 3 Types of Legal Liability Tort Liability, Statutory Liability, Contractual Liability 4 Types of Tort Liability Negligence, Intentional Torts, Strict Liability, Absolute Liability Name the four requirements of a negligent tort (long version) 1. Duty o...

CISR Commercial Casualty I Lesson 1 L Complete Solutions Legal Liability A responsibility or obligation to others, which courts recognize and enforce. In general failure to meet this duty often results in the imposition of monetary damages. 3 Types of Legal Liability Tort Liability, Statutory Liability, Contractual Liability 4 Types of Tort Liability Negligence, Intentional Torts, Strict Liability, Absolute Liability Name the four requirements of a negligent tort (long version) 1. Duty...

CISR - Elements Of Risk Management CH 1 Questions And Answers 2023 Risk - Correct Answer-condition of either positive or negative uncertainty arising from a given set of cirumstances pure risk - Correct Answer-chance of loss or no loss speculative risk - Correct Answer-chance of loss, no loss, or gain loss - Correct Answer-reduction in asset value exposure - Correct Answer-situation, practice or condition that MAY lead to a loss peril - Correct Answer-cause of loss hazard - Co...

benefits of ethical behavior - ANSWER 1. public trust & confidence gained. 2. government regulation avoided 3. enhanced credibility 6 steps in ethical decision making - ANSWER 1. define problem 2. seek resources 3. brainstorm solutions 4. evaluate the alternatives 5. make decision 6. elvaluate decision estoppel - ANSWER prevents someone from arguing something that contradicts what was said previously examples of being unethical - ANSW