Chapter 6

Question 1

What type of insurance does NOT include a standard war risks exclusion

Answer 1

Employers liability

Question 2

A public liability insurance policy is an ‘open’ policy because cover is

Answer 2

Defined by the exclusion of certain perils

Question 3

A jurisdiction clause in directors and officers insurance is concerned with

Answer 3

The application of english law

Question 4

Which act of parliament gives the trustees of charities the right to insure property?

Answer 4

Trustee act 2000

Question 5

What is the minimum legal sun insured required Under an employers liability policy?

Answer 5

5 million

Question 6

Public liability insurance does NOT cover legal liability to third parties for damages arising from

Answer 6

Breach of copyright

Question 7

Employers liability insurers will cover the particular trade or activity for which the insured has paid a premium and in addition

Answer 7

Ancillary services

Question 8

Which act of parliament codified certain responsibilities of directors towards for example shareholders and the public?

Answer 8

The companies act 2006

Question 9

For a valid claim to be made under a public liability policy the injury or damage must have:

Answer 9

Occurred during the period of insurance

Question 10

The standard extensions to an employers liability policy include

Answer 10

Indemnity to principle

Question 11

Which type of liability policy automatically covers the insured liability for financial loss to clients without the need for death, bodily injury or property damage

Answer 11

Professional indemnity