AINS 103 SIM Exam Questions with Complete Solutions (Latest 2025) A company owns land that is used as a softball diamond and recreational park for hosting employee picnics. Once a year the company also allows a non-profit organization to hold a softball game on these premises. During this year's softball game, the director of the non-profit was injured when a softball hit him in the head. He asked the company that owns the land to pay for his trip to the emergency room. The company's unendorsed Commercial General Liability policy - Correct Answers ✅Does not cover the director's injuries sustained because they happened during an athletic event.Lawn Chemical Company applies fertilizer and weed killer to lawns and shrubs. Which one of the following is a liability loss exposure to which Lawn Chemical Company likely has a significant exposure? - Correct Answers ✅Completed operations liability Sugartown Industries insures its building and personal property under the commercial property coverage part of a commercial package policy (CPP). Following a lightning storm, a portion of the building was damaged from a small fire. The operations manager pulled out the CPP to make sure that the building was covered for this type of loss. Which one of the following components of the commercial property coverage part would provide the operations manager with information on the covered perils? - Correct Answers ✅Causes of loss form 1 / 2
AINS 103 SIM Exam Questions with Complete Solutions (Latest 2025) Sandy owns a small retail store. Sandy's store is covered under a businessowners policy (BOP) with a $500,000 limit of insurance for its business personal property and a $1,000 deductible. Sandy did not purchase any optional coverages. A fire broke out in a neighboring store, and spread to Sandy's
store. Sandy claimed the following damages:
Description Amount Cash in a money drawer $5,000 Damage to the building $50,000 Damage to a computer and printer in the office area $15,000 Damage to a personalized sign attached to the building $1,000 How much will the BOP insurer pay for this loss? - Correct Answers ✅$65,000 Ivan is a commercial insurance producer looking to expand his book of business. He is researching local businesses trying to determine which businesses might be eligible for the businessowners policy (BOP) and which would not be eligible.Which one of the following businesses would be ineligible for BOP coverage? - Correct Answers ✅Jilian's Amusement Park Business income insurance covers which one of the following types of losses that could result from a fire? - Correct Answers ✅The extra expenses for renting a temporary office Charlene's Clothing is a retail store selling expensive women's clothing. It is insured under an unendorsed
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