General Insurance Product

Question 1

General insurance list

Answer 1

1. Liability
2. Property
3. Financial
4. Fixed

Question 2

General insurance - liability

Answer 2

3pem
1. Public
*depend on policy (dog bites, item falling on someone)
2. Professional
*depends on profession of the insured
3. Products
*faulty design
*manufatire
*packaging
*misleading instructions
4. Employer
*workplace accident
*unsafe working conditions
*exposure to harmful substances
5. Motor 3rd party
*motor accident

Question 3

General insurance - property

Answer 3

1. Residential
2. Commercial
3. Movable
4. Car
5. Aviation
   *perils of sea
   *piracy
   *jettison
6. Aircraft
   **marine
   *fire
   *explosion
   *lightening
   *theft
   *storm
   *flood

Question 4

General insurance - financial

Answer 4

1. Pecuniary
   *bad debt
   *third party failure
2. Fidelity
   *dishonest employees
   *contractors
   *outsource
3. Business interruption
   *consequential
4. Cyber
   *consequential
   *

Question 5

General insurance- fixed

Answer 5

1. Personal accident
   *loss of limb
   *body injury
2. Health
   *hospital treatment
3. Unemployment
   *lumpsum/income
   *redundancy

Question 6

Public liability

Answer 6

Indemnifies insured against
* legal liabilities
* arising from some sort of negligence
* that resulted in injury /death to third party
* or damaged property belonging to third party
other then these liabilities covered by other liability products
* likely to cover legal casts too