Property
True or False
Federated Insurance Property Coverage provides Flood Insurance
False
Most common form on Inland Marine
Special Contractors Floater Form IM-F-30
General Liability is a First Party or Third Party coverage
Third Party coverage
Monopolistic State Acronym
NOWW
What are the 3 levels of a BOP?
Bronze
Silver
Gold
Name of endorsement/endorsement number used for proof of coverage for business personal property.
Loss Payable CP-F-10
Built in limit for borrowed leased rented hired equipment for a BOP.
$50,000
2 options of Medical Payment limits for CPP
$5,000
$10,000
True or False
Owners must be included under Workers Compensation.
False
Where can you find a form to send to the insured when they want to cancel?
Templates
What does BVE stand for?
Building Valuation Estimate
Item B on the Special Contractor Floaters form provides coverage for.....
Contractors Equipment
Highest limit available for Limited Fungi or Bacteria Coverage
Minimum limit for WC if the insured does not have a commercial umbrella policy
$500,000/$500,000/$500,000
What is a question you would ask for adding Fence coverage?
-What is the location address (street address, city, state and ZIP Code)?
-Is the fence(s) metal or wood?
-What limit of insurance is needed to cover your fence(s)?
Bronze BOP has what limit for signs attached to the building?
$10,000
Form to be used for Employee Tools (not IM-F-30)
Portable Tools and/or Employees Tools IM-F-105 - CPP
Vacant Land is covered under GL or Property
GL
Employers Liability coverage is referred to ____ ____ in monopolistic states
Stop Gap
If you need more information on a coverage, where do you look?
Lines of Coverage, Reference
Endorsement number for building coverage in the state of Washington
Mortgagee Clause 372
Maximum limit allowed on the Installation Floater IM-F-29
$50,000
The most that will be paid for all cumulative losses occurring during the policy period
Aggregate limit
9898
Policy Pages IL-F-30 Retained Amount and Reimbursement Endorsement