Responsabilidad y CasualidadPregunta 448 de 531
An architect's drawings contain a calculation error that forces a client to rebuild a foundation. The client's purely financial loss is best insured by:
a.general liability, as an occurrence caused the loss
b.professional liability, an errors and omissions form
c.employment practices liability for staff acts
d.a surety bond guaranteeing the drawings
Explicación
Professional liability, also written as errors and omissions, covers economic loss caused by a failure to use the skill and care expected of a professional, which a faulty design calculation is. A general liability policy responds to bodily injury and property damage from an occurrence and excludes damages arising out of rendering professional services. Employment practices liability answers claims brought by employees, and a surety bond guarantees performance to a third party rather than insuring the architect's mistake.
Practica las 531 preguntas gratis — sin registro.
Own the complete California Property & Casualty Broker-Agent guide — PDF + EPUB, $24.99 →
Preguntas relacionadas de este tema
- A general liability policy excludes liability the insured assumes by contract, then gives that coverage back for liability assumed in an insured contract. An insured contract is best described as:
- A business carries $1,000,000 of primary general liability and a $5,000,000 umbrella. A jury returns a $3,500,000 verdict on a claim both policies cover. How is the verdict funded?
- An umbrella covers a claim that the underlying general liability policy excludes entirely. Before the umbrella will respond to that claim, the insured normally must:
- Shareholders sue a corporation's board, alleging the directors approved an acquisition without adequate diligence. The coverage designed for this suit is:
- A former employee sues alleging wrongful termination and a hostile work environment. The employer's defence and any damages on that suit would be answered by:
- A restaurant that serves alcohol asks whether its general liability policy answers a suit claiming it over-served a patron who then caused a crash. The correct response is that:
Última revisión: · proceso editorial
Equipo de PrepPass · Verificado con California Property & Casualty Insurance License Exam · Cómo revisamos