{"id":130421,"date":"2023-12-14T06:01:20","date_gmt":"2023-12-14T06:01:20","guid":{"rendered":"https:\/\/learnexams.com\/blog\/?p=130421"},"modified":"2023-12-14T06:01:23","modified_gmt":"2023-12-14T06:01:23","slug":"ains-103-latest-2023-2024-update-exploring-commercial-insurance-exam-practice-questions-and-verified-answers-100-correct-grade-a","status":"publish","type":"post","link":"https:\/\/www.learnexams.com\/blog\/2023\/12\/14\/ains-103-latest-2023-2024-update-exploring-commercial-insurance-exam-practice-questions-and-verified-answers-100-correct-grade-a\/","title":{"rendered":"AINS 103 (Latest 2023\/ 2024 Update) Exploring Commercial Insurance Exam Practice Questions and Verified Answers| 100% Correct| Grade A"},"content":{"rendered":"\n

AINS 103 (Latest 2023\/ 2024 Update) Exploring Commercial Insurance Exam Practice Questions and Verified Answers| 100% Correct| Grade A<\/h1><\/p>\n\n\n\n

AINS 103 (Latest 2023\/ 2024 Update)
Exploring Commercial Insurance Exam
Practice Questions and Verified Answers|
100% Correct| Grade A
Q: Joe Motors, which services automobiles, wants to maintain the goodwill of its customers.
This is best accomplished by
Select one:
A. Purchasing garage liability insurance.
B. Purchasing garage keepers insurance.
C. Lowering the physical damage deductible under its business auto insurance.
D. Raising liability limits under its business auto insurance.
Answer:
B. Purchasing garagekeepers insurance.
Q: Workers compensation benefits include which one of the following?
Select one:
A. Death benefits of 100 percent of wage loss
B. Pain and suffering benefits
C. Rehabilitation benefits
D. Property damage benefits
Answer:
C. Rehabilitation benefits
Q: An email was sent to a company’s employees containing a harmful attachment. Several
employees opened the attachment which allowed hackers to obtain customer contact information.
This cyber risk loss is
Select one:
A. Damage to intangible property.
B. Damage to personal property.
C. Damage to tangible property.
D. Errors and omissions liability.<\/p>\n\n\n\n

Answer:
A. Damage to intangible property.
Q: An individual owns a web-based business. All sales records and contact data are maintained
on the same network server as the website. Someone hacks into the server and deletes all of the
saved data. Which one of the following types of loss is this?
Select one:
A. Tangible property
B. Personal injury
C. Intangible property
D. Contingent business income
Answer:
C. Intangible property
Q: Property insurance policies use the term “personal property” to refer to the
Select one:
A. Property in transit.
B. Contents in and around a building.
C. Buildings not attached to the main building.
D. Company’s copyrights and trademarks.
Answer:
B. Contents in and around a building.
Q: In business income insurance, the expenses that an organization would not have incurred if
the business interruption had not occurred are called
Select one:
A. Continuing expenses.
B. Contingent expenses.
C. Excludable expenses.
D. Extra expenses.
Answer:<\/p>\n\n\n\n

D. Extra expenses.
Q: A vehicle owner had a tire store install four new wheels and tires on the vehicle. On the way
home from the store, one of the wheels came off, causing the vehicle to accidentally run off the
road and strike a tree. The vehicle owner sued the tire store for failing to properly tighten the lug
nuts on the vehicle. The loss exposure faced by the tire store in this case is known as
Select one:
A. Employers liability.
B. Completed operations liability.
C. Automobile liability.
D. Products liability.
Answer:
B. Completed operations liability.
Q: Which one of the following loss exposures exist when a business can be held legally liable
for bodily injury or property damage caused by their repair or contracting work?
Select one:
A. Operations liability
B. Completed operations liability
C. Workers’ compensation liability
D. Products liability
Answer:
B. Completed operations liability
Q: Inland marine insurance is insurance that covers
Select one:
A. Businesses that own or operate watercraft, or import or export goods.
B. Many different classes of property that typically involve an element of transportation on land.
C. Companies that ship goods by commercial vessel on inland waterways.
D. Miscellaneous lines such as burglary, glass, and steam boilers.
Answer:
B. Many different classes of property that typically involve an element of transportation on land.<\/p>\n\n\n\n

Q: Sue is injured at work, and her job responsibilities are reduced for 30 days, after which time
she is fully recovered. Sue has which one of the following types of workers compensation
disabilities?
Select one:
A. Temporary total disability
B. Permanent partial disability
C. Temporary partial disability
D. Permanent total disability
Answer:
C. Temporary partial disability
Q: Meat Products Company (MPC) runs packing plants in three Midwest states. The company
was in the news recently because of its labor practices. The Department of Labor (DOL)
investigated complaints from five female employees that MPC discriminated against them. The
DOL found the claim was true. The Immigration and Naturalization Service (INS) found that the
company employed illegal immigrants and paid them less than the minimum wage. When this
news became public, MPC’s reputation was severely harmed. This scenario illustrates which
source of reputation risk?
Select one:
A. Corporate governance and leadership
B. Corporate social responsibility
C. Regulatory and legal compliance
D. Communication and crisis management
Answer:
C. Regulatory and legal compliance
Q: The two categories of property that are exposed to loss from cyber risk are
Select one:
A. Insured and uninsured.
B. Covered and not covered.
C. Tangible and intangible.
D. Real and personal.
Answer:
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AINS 103 (Latest 2023\/ 2024 Update) Exploring Commercial Insurance Exam Practice Questions and Verified Answers| 100% Correct| Grade A AINS 103 (Latest 2023\/ 2024 Update)Exploring Commercial Insurance ExamPractice Questions and Verified Answers|100% Correct| Grade AQ: Joe Motors, which services automobiles, wants to maintain the goodwill of its customers.This is best accomplished bySelect one:A. Purchasing garage […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[25],"tags":[],"class_list":["post-130421","post","type-post","status-publish","format-standard","hentry","category-exams-certification"],"_links":{"self":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/130421","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/comments?post=130421"}],"version-history":[{"count":0,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/130421\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/media?parent=130421"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/categories?post=130421"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/tags?post=130421"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}