General Liability
This type of coverage helps protect your business from claims of ________ or property damage that comes up during normal business operations.
A. Cyber injury
B. Property Damage
C. bodily injury
D. whatever happens
An Umbrella policy provides an _____ of liabilty protection
A. incomplete layer
B. extra/additional layer
C. interesting
D. unlimted layer
What do you call the coverage that protects a business and employees if a workplace accident or illness occurs
What is Work Comp
What is the core value that focuses on the law of reciprocity
A. Recognition
B. Building Relationships
C. Accountability
D. Givers Gain
A. True
B. False
If your liability limit on your business insurance is $500,000 but someone gets injured and sues you for $1,500,000 how much would the umbrella provide you in coverage
A. Nothing because you dont have one
B. $1,000,000
C. Maybe you have money invested with Rockford so you dont need to worry
D. $500,000
Why does a business need this coverage?
Because it protects the business and employers no matter who is at fault
What does BNI stand for
This type of liability claim is usually the most costly
A. Vehicle Accident
B. Fire Damage
C. Product Liability
D. Customer Injury or Damage
If your a sole properietor who owns a vehicle used primarly for your business why might you need Commercial Auto insurance?
A. I dont need it because I have personal auto insurance
B. Anyone in my car would be covered
C. Transport goods or equipment for business
D. Who cares
The Colts just acquired a new QB who is it?
A. Tom Brady
B. Matt Ryan
C. Drew Calvert
D. Randy Kron
Indiana does not require you to carry Work Compensation if you own a business
A. True
B. Matt Maples will help me figure it out
C. False
D. It's my decision
How many countries can BNI Chapters be found in?
A. Just the US
B. 7 continents
C. 50 countries
D. Over 74 countries
How can you, the business owner prevent the most costly claim
A. Do nothing
B. Publicly voice your criticism about a competitor
C. Make sure you don't have insurance because it won't ever happen to you
D. Avoid critizing a competitor and have permission to post images or content
What do you call the coverage on a Business Auto policy that covers you for a chipped windshield?
A. Bodily Injury
B. Property Damage
C. Comprehensive Coverage/Glass Coverage
D. Med Pay
What does an Umbrella insurance policy cover?
A. Similiar to what a General liability policy would cover
B. Property Claims
C. Errors & Ommissions Claims
D. All of the above
What is the name of the app that you can download where we can find educational material?
What is BNI Business Builder
A ________ insurance policy protects your business if you are sued for a mistake in the ____ services you provided. It also goes by E&O insurance.
What is professional liability & professional
What additional type of coverage do you need if you have tools or equipment in your business use vehicle?
A. Property
B. Inland Marine
C. They are too cheap to cover
D. General Liability
When does an umbrella policy come into play?
A. When a claim happens
B. After the underlying limit has been reached
C. Any time you want it to
D. Not at all
If you use sub-contractors in your business do you have to have Workers' Compensation
A. Yes
B. No
When was BNI founded?
What is 1985