Scenario 1: Gloria ‘s company uses four vehicles to support
the needs of her business. Sometimes when one of the
business vehicles is out of service Gloria’s employees use their
own cars to make deliveries. For liability coverage in her
Business Auto Coverage Form what symbol or symbols are
appropriate? Please provide the reasons why you think the
symbol(s) you recommend are needed by Gloria. (5-points)
Scenario 2: Horatio owns a glass repair business and insures
his service vehicles under the Business Auto Coverage Form.
The company operates in a state that has enacted a no-fault
law. Horatio’s business auto policy includes liability, PIP,
unisured motorists (UM) ($300,000 limit), and underinsured
motorists (UIM) ($300,000 limit) colverages. He is injured in an
accident involving the service truck she was driving. Incourt,
the other party is found to be 100 percent responsible for the
accident, and Horatio is awarded $100,000 for his pain and
suffering. The negligent party carried auto liability limits of
$25,000. Horatio also incurs $150,000 of medical expenses.
What coverage, if any, from Horatio’s business auto policy will
apply? (5-points)
his service vehicles under the Business Auto Coverage Form.
The company operates in a state that has enacted a no-fault
law. Horatio’s business auto policy includes liability, PIP,
unisured motorists (UM) ($300,000 limit), and underinsured
motorists (UIM) ($300,000 limit) colverages. He is injured in an
accident involving the service truck she was driving. Incourt,
the other party is found to be 100 percent responsible for the
accident, and Horatio is awarded $100,000 for his pain and
suffering. The negligent party carried auto liability limits of
$25,000. Horatio also incurs $150,000 of medical expenses.
What coverage, if any, from Horatio’s business auto policy will
apply? (5-points)
Scenario 3: Ken is a contractor whose company installs
energy efficient replacement windows. He employs fifteen
installers. A supplier of a popular brand of windows he installs
required him to assume the supplier’s liablity for injury to his
employees. Yesterday, two of his installers suffered severe
lacerations while installing the supplier’s windows. Ken is
insured under a WC&EL policy and a Commercial General
Liability (CGL) Coverage Form. Explain what coverage Ken has
for this incident. (5-points)
energy efficient replacement windows. He employs fifteen
installers. A supplier of a popular brand of windows he installs
required him to assume the supplier’s liablity for injury to his
employees. Yesterday, two of his installers suffered severe
lacerations while installing the supplier’s windows. Ken is
insured under a WC&EL policy and a Commercial General
Liability (CGL) Coverage Form. Explain what coverage Ken has
for this incident. (5-points)
Scenario 4: Briefly describe the ways in which the
businessowners policy (BOP) liability coverage typically differs
from the starandard occurrence version of the Insurance
Services Office, Inc. (ISO) Commercial Genreal Liabliity (CGL)
Coverage Form (5-points)
1. Limits of insurance – limit amounts
2. Professional liability—availability of endorsements 3. Liability coverage options generally not available in BOPs
businessowners policy (BOP) liability coverage typically differs
from the starandard occurrence version of the Insurance
Services Office, Inc. (ISO) Commercial Genreal Liabliity (CGL)
Coverage Form (5-points)
1. Limits of insurance – limit amounts
2. Professional liability—availability of endorsements 3. Liability coverage options generally not available in BOPs
Scenario 5: Jonah, a fifty year old employee of Ace Company,
is fired despite a record of outstanding performance reviews.
Jonah believes he has been discriminated against because of
his age and sues the directors of Ace Company. Describe the
type of insurance policy that Ace Company would need to
provide coveage for this type of lawsuit. (5-points) Extra Credit
is fired despite a record of outstanding performance reviews.
Jonah believes he has been discriminated against because of
his age and sues the directors of Ace Company. Describe the
type of insurance policy that Ace Company would need to
provide coveage for this type of lawsuit. (5-points) Extra Credit
Scenario 6: The following questions deal with the ISO
Farm owners policy: (5-points)
1. Contrast farm personal property Coverage E with farm
personal property Coverage. 2. Describe the four additional perils provided by the basic
causes of loss in the farm policy. 3. Describe the coverage provided by crop-hail insurance
policies.
Farm owners policy: (5-points)
1. Contrast farm personal property Coverage E with farm
personal property Coverage. 2. Describe the four additional perils provided by the basic
causes of loss in the farm policy. 3. Describe the coverage provided by crop-hail insurance
policies.
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