Exam 23: Managing Risk

A coinsurance clause requires a business owner to insure the company's building and personal property for at least _____ percent of what it would cost to replace the building and the personal property.

Match the term with its definition. -Coverage for general liability loss exposure, including premises liability, operations liability, product liability, and completed operations liability

Typically, insurance premiums to cover employee lawsuits alleging wrongful termination start at

Match the term with its definition. -A defect resulting from a dangerous design, even though the product was made according to specifications

Requiring all servers in a restaurant to know how to properly lift heavy objects is an example of loss

Match the term with its definition. -Keeping a loss from happening

Compensatory damages include _____ damages.

A discrimination lawsuit against an employer by a prior employee is an example of _____ tort liability.

All of the following would be considered a personnel risk EXCEPT