What type of property would be covered by mercantile stock burglary coverage under a crime insurance policy?

Graham works at a brokerage where responsibilities are divided among the staff. His daily work consists of analyzing quotations and creating client proposals. What is his role?

By conducting online research of a risk's profile and website, and asking about supplies, machinery, and manufacturing process used, which liability exposure of the risk is being assessed?

How is the premium for a garage policy computed on a monthly average basis?

A broker is emailed by a prospect looking to cover his three stores that do not hold title to any goods, and can never be held contractually responsible for those goods. What type of stores are these?

Helen, an agent for a marine insurer, is reviewing the renewal policy of her freight forwarding account. The firm has just expanded its operations to include United States exposure. Helen advises that a modification will be needed on both the current policy term and the renewal policy term. What is her reasoning to perform changes on both terms?

Annette, a new broker, is completing a wrap-up liability insurance application for a condominium development. Before finalizing the application, she asks a coworker to review it. Her coworker advises Annette that she has missed an important detail. What detail did Annette likely miss?

Pure Meats Ltd. is a new company selling freezer-packed and processed meat products for resale in stores within Canada. The president has approached Rebecca, a broker who is an expert on products liability insurance. The media recently covered stories of individuals becoming ill or dying from listeriosis due to contaminated processed meat products. Identify the underwriting considerations and information Rebecca needs to assess this exposure. What will she recommend as part of an insurance program to cover the company’s products liability exposure? Explain why.

A broker recommends that their commercial client repair the sprinkler system in their factory. Which risk management technique does the broker's suggestion fall under?

Amy, an agent, is inspecting a facility of a prospective client, Medical Manufacturing Inc. A junior employee, Max, is showing Amy around the main facility while it is in action, and answering her questions. Toward the end of the tour, Max's manager joins them and chastises Max for his negligence. What did Max likely forget to do?

What does the permissions clause in a building insurance policy allow the insured to do?

How is a party treated when added to a liability policy as an additional named insured?

The question of whether an employee might convert cash or cheques for her own use would be considered when underwriting which policy coverages?

Which peril is commonly excluded under the commercial property broad form (CPBF)?

In risk management, how can a risk be transferred?

A broker is reviewing a client's risk profile. The client commonly sends their employees on international trips to source rare goods, which are often found in unstable parts of the world. The broker recommends a kidnap, ransom and extortion policy. Which type of client is this?

When should a broker recommend that a client amend their existing risk management plan?

XYZ Insurer is known for using the first-in principle. If multiple brokers request quotations for a new applicant, how does XYZ Insurer respond?

What is the intent of a cross liability clause found in a commercial general liability (CGL) policy?

The owner of a small bookstore arranges to have a reputable courier deliver an expensive set of antique encyclopedias to the store after it closes. The next morning, he notices several encyclopedias are missing from the set. He reports this situation to his broker, who advises that the loss will be covered under his commercial property broad form if he can provide which type of proof?

What is a disadvantage of a broker using one-way communication with clients?

A broker is preparing to meet with a prospective client, Queen Ice Cream, who manufactures and distributes ice cream to five different provinces. What can the broker ask to ensure a smooth transition for the client?

What does pure risk entail?