In the absence of specific expertise in construction, which party will generally arrange a wrap-up liability policy?

• A.General contractor
• B.Subcontractor
• C.Party in control of the land
• D.Party in control of the project

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What type of property would be covered by mercantile stock burglary coverage under a crime insurance policy?

• A.Furniture
• B.Cheques
• C.Securities
• D.Paper currency

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What does pure risk entail?

• A.Only gain
• B.Either gain or loss
• C.Chance of profit without loss
• D.Chance of loss without gain

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A broker is trying to convince his large accountancy client to purchase cyber risk insurance. The firm's CEO believes the controls in place managed by a third-party information technology provider are sufficient. The broker provides the CEO with a list of claims that will only be covered if cyber risk insurance is carried.
Which type of claim appears on that list?

• A.Computer fraud
• B.Online extortion
• C.Business interruption due to data breach
• D.Crisis-management services due to theft of securities

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Annette, a new broker, is completing a wrap-up liability insurance application for a condominium development. Before finalizing the application, she asks a coworker to review it. Her coworker advises Annette that she has missed an important detail. What detail did Annette likely miss?

• A.The architect needs to be named as the primary insured on the policy.
• B.The application must include information about the construction of the parking garage.
• C.The project owner must provide evidence of separate liability coverage to qualify for the policy.
• D.The application needs to list all condominium developments currently under construction by the general contractor.

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