KAT(Knowledge Assessment Test)

Select the policy sections covered in Business Insurance from the below:

How many types of vehicle license classes are available in Australia?(Note: It includes Motorcycle classes as well)

Please select any three correct options for additional covers for Landlord Policy

Identify underwriters from whom we can obtain quotes for a client involved in the transportation of refrigerated goods.

NTI

Zurich

ATL

If a client seeks a public liability limit of 50 million dollars, which underwriters are most likely to offer favorable terms?

Allianz

QBE

Zurich

AIG

Claims history is required under Annual Construction class.

True

False

So far Zurich is the only underwriter we know of which is capable of offering terms for a standalone trailer.

True

False

Which best defines Commercial Property?

Covers everything related to cars

Covers everything related to people

Covers everything related to the loss and damage of company property

Covers everything related to loss of employment in the company

What does General Liability Cover?

Covers legal issues such as accident, injuries claims of negligence

Covers to protect things like bodily harm, property damage, medical expenses, libel, cost of defending lawsuits, and settlements

Covers things that are general

All of the above

Both A & B

What is LOA(Letter of Appointment)?

Appoints a broker to oversee an insured's insurance, including taking over an existing business

This document grants authority to an insurance broker to obtain specific information from other insurers on behalf of the insured.

What is postal address?

Insured current address (Home address)

Address for which a insured wants to cover under for insurance.

Both A and B

None of the above

What do you mean by Max project Value?

Total Amount of all projects which are running for a particular period of time(1 Year).

Any particular project with the highest amount.

Both A and B

None of the above

What does Business Interruption Insurance typically provide coverage for?

Physical damage to property

Legal liabilities

Loss of income due to a covered event disrupting business operations

Cybersecurity threats

Select the interfaces that are used to obtain quotes from underwriters.

SCTP

Sunrise

Manual

None of the above

NSW stamp duty exemption is available only when the turnover of a business is below_______.

$1 Mn

$2 Mn

$3 Mn

$4 Mn

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