Podcast
Questions and Answers
Which property is excluded from coverage under the Builders' Risk Broad Form property insurance policy?
Which property is excluded from coverage under the Builders' Risk Broad Form property insurance policy?
- Contractor's tools and equipment
- Property in transit or off-site
- Marine construction projects such as bridges or wharves (correct)
- Permanent construction and temporary works necessary for construction
What type of insurance should be obtained for contractor's tools and equipment?
What type of insurance should be obtained for contractor's tools and equipment?
- Other forms of insurance
- Owner's Builders' Risk Broad Form property insurance
- Contractor's Equipment Floater Policy (correct)
- Builders' Risk Broad Form property insurance
When does coverage for projects left unattended or with ceased construction activity cease?
When does coverage for projects left unattended or with ceased construction activity cease?
- After 60 consecutive days
- After 30 consecutive days (correct)
- After 120 consecutive days
- After 90 consecutive days
What type of coverage should be added to the Owner's Builders' Risk Broad Form property insurance policy for remediation of faulty material, workmanship, or design?
What type of coverage should be added to the Owner's Builders' Risk Broad Form property insurance policy for remediation of faulty material, workmanship, or design?
Which of the following is true about early occupancy in a warehouse or manufacturing plant?
Which of the following is true about early occupancy in a warehouse or manufacturing plant?
What is the typical coverage period provided for mechanical or electrical breakdown of equipment during testing or commissioning?
What is the typical coverage period provided for mechanical or electrical breakdown of equipment during testing or commissioning?
Which of the following is excluded from coverage unless it is refurbished with the manufacturer's warranty still in force?
Which of the following is excluded from coverage unless it is refurbished with the manufacturer's warranty still in force?
What additional risks are associated with renovation and addition projects?
What additional risks are associated with renovation and addition projects?
Which of the following is NOT a peril covered by the standard Builders' Risk Broad Form property policy?
Which of the following is NOT a peril covered by the standard Builders' Risk Broad Form property policy?
What should be the minimum required limit for the CCDC 2 Builders' Risk Broad Form property policy?
What should be the minimum required limit for the CCDC 2 Builders' Risk Broad Form property policy?
Which of the following can be covered by the Business Interruption extension of the Builders' Risk Broad Form property policy?
Which of the following can be covered by the Business Interruption extension of the Builders' Risk Broad Form property policy?
What can Extra Expense Insurance or Expediting Expense Insurance assist with?
What can Extra Expense Insurance or Expediting Expense Insurance assist with?
Which insurance coverage is required under the insurance provisions of CCDC contract forms?
Which insurance coverage is required under the insurance provisions of CCDC contract forms?
What does Boiler and Machinery Insurance (now more commonly referred to as 'Equipment Breakdown Insurance') cover?
What does Boiler and Machinery Insurance (now more commonly referred to as 'Equipment Breakdown Insurance') cover?
Which types of equipment are covered under the comprehensive form of Boiler and Machinery Insurance?
Which types of equipment are covered under the comprehensive form of Boiler and Machinery Insurance?
In what ways can the insurance industry offer coverage for Boiler and Machinery Insurance?
In what ways can the insurance industry offer coverage for Boiler and Machinery Insurance?
What is the more commonly used term for 'Boiler and Machinery Insurance'?
What is the more commonly used term for 'Boiler and Machinery Insurance'?
Which type of coverage typically excludes damage caused by viruses and the liability for spreading viruses to computer networks of others?
Which type of coverage typically excludes damage caused by viruses and the liability for spreading viruses to computer networks of others?
What is the best practice to ensure coverage is available for 'data' and 'data problem' both at the jobsite and away from the jobsite?
What is the best practice to ensure coverage is available for 'data' and 'data problem' both at the jobsite and away from the jobsite?
What is the potential consequence of not adhering to the best practice of keeping frequent back-ups of critical 'data'?
What is the potential consequence of not adhering to the best practice of keeping frequent back-ups of critical 'data'?
What is commonly referred to as 'third-party cyber coverages'?
What is commonly referred to as 'third-party cyber coverages'?
Which of the following is NOT a material change that should be brought to the attention of the insurance representative?
Which of the following is NOT a material change that should be brought to the attention of the insurance representative?
What is the purpose of deductibles in insurance policies?
What is the purpose of deductibles in insurance policies?
What is the maximum deductible specified in CCDC 41?
What is the maximum deductible specified in CCDC 41?
What is the purpose of the "Valuable Papers and Records" coverage?
What is the purpose of the "Valuable Papers and Records" coverage?
