Bacf - Study guides, Class notes & Summaries

AU62 Course Exam Practice Questions & Answers, 100% Accurate. Verified. An organization may incur losses from legal liabilities in a number of different ways. Which one of the following actions would best be described as an intentional tort? - -A newspaper mistakenly identifies the driver in an alcohol-related hit and run accident as John Doe, a prominent local attorney. Martin, a 15-year-old boy, carelessly tossed a glass bottle over the heads of several people toward a recycling bin 15...

Employees As Insureds - This commercial auto endorsement (CA 99 33) may be used to extend nonowner liability coverage to cover the individual liability of employees while they are using their own autos in the employer's business. Employee Hired Autos - This business auto policy (BAP) endorsement (CA 20 54) broadens physical damage coverage provided to employees of the named insured who hire or rent cars in their own names in the furtherance of their employer's business. Drive Other Car -...

Professional Liability Answer> - they have a higher-than-average defendant verdict - include a consent-to-settle clause, where the insurer has to obtain consent from the professional to settle the claim The subjective standard for determining whether injury or property damage involves expected results can be described as Answer> What the insured expected and intended from the act. The objective standard Answer> is based on what a reasonable person would expect from a particula...

Which one of these is not an example of a coverage that is excluded under Coverage A of the CGL coverage form because it is insured under another policy? - ️️Liquor liability (Liquor liability is not an example of a coverage that is excluded under Coverage A of the CGL coverage form because it is insured under another policy. An endorsement that eliminates the liquor liability exclusion and provides coverage for organizations in the business of selling or serving alcoholic beverages is an...

AINS 103 (Business Insurance) All Combined Chapters Questions and Answers to Score 99%

Professional Liability -:- - they have a higher-than-average defendant verdict - include a consent-to-settle clause, where the insurer has to obtain consent from the professional to settle the claim The subjective standard for determining whether injury or property damage involves expected results can be described as -:- What the insured expected and intended from the act. The objective standard -:- is based on what a reasonable person would expect from a particular act. Excepti...

Modified Flat - Fee - ️️flat fee is charged for a defined segment of a case. such as common, basic legal work like taking deps, rogs, etc. Everything else is an extra hourly charge Professional Liability - ️️- they have a higher-than-average defendant verdict - include a consent-to-settle clause, where the insurer has to obtain consent from the professional to settle the claim The subjective standard for determining whether injury or property damage involves expected results can be...

AINS 103 (Business Insurance) All in One Study Exam Questions and Answers to Score 99%

Professional Liability - - they have a higher-than-average defendant verdict - include a consent-to-settle clause, where the insurer has to obtain consent from the professional to settle the claim The subjective standard for determining whether injury or property damage involves expected results can be described as - What the insured expected and intended from the act. The objective standard - is based on what a reasonable person would expect from a particular act. Exceptions to the bu...

Doctrine of Respondeat Superior - Answer- Aka let the master answer Liability falls on the employer for the employees actions (as long as they were in the scope) Employers Nonownership liability - Answer- An employer's liability for its employees' operation of their autos in the employer's business. Covered by commercial auto insurance. Garage coverage form - Answer- contains optional garagekeepers coverage for insuring loss to customers' autos while they are int eh custody for ...