CPCU 552 Study guides, Class notes & Summaries

The term "you" is used throughout the Commercial General Liability Coverage Form. "You" is defined to include: - ️️The named insured shown in the declarations. Smart Endeavors, a retail clothing store, hired ABC Contractors to install a new air conditioning system in one of its stores. ABC misrouted some wires during the installation process, which caused the wires to overheat and caused a fire. The air conditioning unit had to be rewired, which cost $1,000. Smart Endeavors' building sust...

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CPCU 552 LATEST EXAM TEST BANK WITH 500 ACTUAL EXAM QUESTIONS AND CORRECT ANSWERS GRADED A (100% CORRECT ANSWERS) GUARANTEED PASS Michael is a general liability claims adjuster for Goshen Mutual. He wants to see if an insured has any endorsements that apply to its general liability policy. Which one of the following sections of the coverage form would provide this information for Michael? Select one: A. Coverages B. Declarations C. Definitions D. Conditions B. Declarations Suz...

CPCU 552 REAL EXAM WITH 200 QUESTIONS AND CORRECT ANSWERS GRADED A / CPCU 552 ACTUAL EXAM LATEST 2024 (BRAND NEW!!)Which one of the following is true regarding disclosures and endorsements pertaining to the Terrorism Risk Insurance Program Reauthorization Act of 2015 (TRIPRA 2015)? - ANSWER-The endorsements define an insured loss as any loss resulting from an act of terrorism, and for purposes of workers compensation coverage, the endorsements include acts of war. (Endorsements perta...

CPCU 552, CP&L FINAL EXAM 2023 WITH 100% VERIFIED ACCURATE ANSWERS

With regards to loss exposures faced by vessel owners, what five things is liability for injury/illness/or death of the crew based on? - ️️1. its obligation to provide maintenance and cure 2. vessel owner's warranty of seaworthiness - promise that vessel is safe 3. Jones Act 4. General maritime law 5. Death on the High Seas Act (DOHSA) With regards to loss exposures faced by vessel owners, what three things is liability for injury/illness/or death of other persons on board a vessel b...

What costs, covered under general liability policies, might result from a liability claim. - ️️Defense and investigation as well as any damages the insured may be liable, might result from a liability claim. Explain how a business can experience a liability loss even if it found not to be legally liable. - ️️Even if not found legally liable, a business can have a liabilty loss because it has experienced the cost of investigating and defending against the suit. Identify the elements...