Perils & Hazards
An Incident / Loss
What is a Peril?
A policy must be honest
What is Utmost Good Faith?
Cover for, Financial Loss, Disruption or Damage of IT systems
What is Cyber Insurance?
People who have to report Complaints
Who is All of Us?
Making Criminally Gained Money Look Legitimate?
What is Money Laundering?
Things that increase the likelihood of a peril occuring
What are Hazards?
A chain of events leading to a loss
What is Proximate Cause?
Covers against loss of earnings
What is Business Interruption?
A question with a small variety of Answers
What is a Closed Question?
When One Party Doesn't Fulfil Their Part In An Agreement
What Is A Breach Of Contract?
These increase the more hazards are found
What are Premiums?
This makes sure a person is made whole again
What is Indemnity?
Covers a company from going bust
What is Credit Insurance?
Potential Clients, Previous Clients, Current Clients and People Who Benefit From The Policy
Who Are People That Can Complain?
A Risk Event missed by chance rather than planning
What is a Near Miss?
If you do not give accurate information about any hazards you may be in breach of
What is Utmost Good Faith?
When there's multiple policies taken out on the same item
What is Contribution?
Property damage can also be referred to as?
What is Material Damage?
4 Weeks
What is the time we have to update a customer?
TCF Stands For?
What Is Treat Customers Fairly?
This is where the money to pay-out a claim comes from
What is the Common Pool?
Insurer steps into the customers shoes
What is Subrogation?
Who taught the lesson on Classes of General Insurance?
Who is Ryan?
First Person you report a Complaint to
Who is a Line-Manager?
Not Disclosing Important Fees To The Client Is A?
What Is A Breach Of FCA Rules?