Bảo hiểm & Quyền cầm giữCâu 1552 / 1605
A contractor's 'umbrella' or 'excess' liability policy is designed to:
a.Replace the workers' compensation policy
b.Provide additional limits above the underlying CGL and auto policies once those are exhausted
c.Serve as the primary policy for all claims
d.Cover only the contractor's own defective work
Giải thích
An umbrella/excess policy provides higher liability limits that kick in after the underlying primary policies (CGL, auto, sometimes employers' liability) are exhausted. It protects against catastrophic claims that exceed primary limits.
Luyện miễn phí toàn bộ 1605 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- An equipment rental company rents a crane to a subcontractor on a private project. To preserve a mechanics lien for unpaid rental charges, the rental company 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:
- Which of the following must a valid recorded mechanics lien include?
- A subcontractor who is added as additional insured on NO ONE's policy and carries its own CGL is protected for third-party claims:
- The construction lender must be served with a preliminary notice by a claimant lacking an owner contract primarily so the claimant can later:
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Sen Lin, Người sáng lập PrepPass · Đối chiếu với California CSLB Contractor License Law & Business Exam · Quy trình kiểm tra
Người kiểm duyệt Abraham Chen — Licensed California General Contractor (CSLB License #1101856 — kiểm tra)