SEM II Obj. 1.03 Types of Event Insurance

Question 1

Personal Injury insurance protects people and organizations from events or actions that can damage reputations is called

Accepted Answer

Image protection insurance

Question 2

Intended to protect ones from personal losses if they are sued as a result of being a director or officer of a business

Accepted Answer

Board of Directors&#x27; liability insurance

Question 3

Provides a lump sum benefit to the insured in the event of a medically diagnosed event that renders one unable to work

Accepted Answer

Permanent disability insurance

Question 4

A form of financial protection against losses or damages incurred because of adverse, measurable weather conditions.

Accepted Answer

Inclement weather insurance

Question 5

Insurance that protects the insured against financial loss because of legal liability for automobile-related injuries

Accepted Answer

Automobile liability insurance

Question 6

Insures event as a result of the non-appearance of any key person

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"Non-appearance" or "No-show" insurance

Question 7

An amendment to an existing insurance contract that changes the terms of the original policy is called a/an

Accepted Answer

Rider

Question 8

Extra insurance that provides protection beyond existing limits and coverages of other policies is called

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Umbrella policy

Question 9

Insurance that protects a set image or an assumption about a person or thing.

Accepted Answer

Producer&#x27;s error & omissions liability insurance

Question 10

Covers the transmission of any live or one-time event, on a television network broadcast, cable, or pay-per-view

Accepted Answer

Broadcast tranmission interruption insurance

Question 11

What is a particular kind of insurance designed to protect a portion of your income for a short period of time?

Accepted Answer

Temporary disability insurance

Question 12

What type of insurance covers the unintentional death or dismemberment of the insured?

Accepted Answer

Accidental death and dismemberment insurance

Question 13

Insurance that provides medical and wage benefits to people who are injured or become ill at work is called

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Workman&#x27;s compensation insurance

Question 14

A clause in a commercial insurance contract that coverage for both parties if one makes a claim against the other.

Accepted Answer

Cross-liability insurance

Question 15

A type of insurance that protects organizations or sponsors from loss of income due to contest awards.

Accepted Answer

Prize indeminity

Questions 15