Bảo hiểm & Quyền cầm giữCâu 1548 / 1632
'Inland marine' insurance for a contractor most commonly covers:
a.The finished building against fire once the owner takes occupancy
b.Injury to employees using the contractor's tools on the jobsite
c.Bodily injury to members of the public visiting the jobsite
d.Tools, equipment, and materials in transit or at the jobsite
Giải thích
Contractor's inland marine — the equipment floater and installation floater — covers movable property while it travels and while it sits at a jobsite, which ordinary fixed-location property policies will not follow. (a) is the owner's permanent property insurance, which takes over where builder's risk ends. (b) is workers' compensation; the tools are incidental to who was hurt. (c) is commercial general liability. The common thread among the wrong answers is that each is a real policy a contractor carries, which is what makes placing the loss the skill being tested.
Luyện miễn phí toàn bộ 1632 câu hỏi — không cần đăng ký.
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Câu hỏi liên quan cùng chủ đề
- A subcontract requires 'primary and noncontributory' coverage when the sub names the GC as additional insured. That means the sub's policy should:
- On a private project with no notice of completion or cessation recorded and the work simply finished, ALL claimants (direct contractor, subs, and suppliers alike) have how long to record a lien?
- Why might an owner prefer that the general contractor obtain a payment bond rather than rely solely on the contractor to pay subs?
- An equipment rental company rents a crane to a subcontractor on a private project. To preserve a mechanics lien for unpaid rent, it should:
- The primary function of a 'certificate of insurance' in the contracting process is to allow one party to:
- Under California's workers' compensation system, an employee injured on the job generally receives benefits:
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Người kiểm duyệt Abraham Chen — Licensed California General Contractor (CSLB License #1101856 — kiểm tra)