Types of Commercial Insurance
This type of policy covers a company’s vehicles and drivers
What is Commercial Auto Insurance?
The amount a policyholder pays out of pocket before the insurance kicks in
What is a deductible?
A customer slips and falls in your store. This policy would likely respond
What is General Liability insurance?
HUB International is headquartered in this North American city
What is Chicago, Illinois?
This type of insurance protects businesses from financial losses due to bodily injury or property damage claims.
What is General Liability?
The maximum amount an insurance company will pay for a covered claim
What is the Policy limit?
A company discovers a data breach that exposed sensitive customer information. Which policy would respond to the claim and associated costs?
What is Cyber Liability?
This character is known for his love of beets and owns a beet farm
Who is Dwight Schrute?
his mandatory insurance helps protect employers from lawsuits by employees injured on the job by providing medical benefits and wage replacement, but it generally prevents employees from suing their employer directly
What is Workers Compensation?
A written change to an insurance policy that modifies its coverage
What is an endorsement?
A business closes for weeks after a fire. This type of coverage helps replace lost income
What is Business Interruption Insurance?
According to this tech visionary "The only way to do great work is to love what you do"
Who is Steve Jobs?
An employee sues the company, claiming mismanagement of the 401(k) plan and losses to their retirement funds. This type of insurance would respond to defend and potentially indemnify the employer
What is Fiduciary Coverage?
The person or business covered by an insurance policy
Who is an insured?
This coverage protects a business when employees use rental cars or personal vehicles for company business and cause an accident
What is Hired & Non-Owned Auto Insurance?
The term “account manager” originally came from this industry, which involved keeping detailed ledgers for clients.
What is Banking or Finance?
This specialized insurance policy covers buildings and structures under construction against damage from fire, theft, or weather before they are completed and handed over.
What is Builder's Risk Insurance?
The chance of loss or the uncertainty of loss
What is risk?
When an insurer seeks recovery from a third party after paying out a claim, the process is called
What is Subrogation?
This country has won the most FIFA World Cup titles in men’s soccer, with a total of five championships
What is Brazil?