The employees of an industrial heating and cooling company spent four days installing a large gas furnace in a newly-constructed building. While testing the furnace one week later, an explosion occurred, damaging the building
Damage to the building was covered under the heating and cooling company's general liability insurance. When the heating and cooling company also sought reimbursement for the time its employees spent installing the furnace, the insurer denied coverage and noted a specific applicable exclusion. What exclusion denies coverage for such reimbursement?
A) damage to the insured's product
B) damage to the insured's work
C) damage to impaired property
D) damage to the insured's reputation.
Answer: B
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Which of the following statements is not true?
A. A majority of states require companies that maintain personal data on their residents to publicly disclose when a security breach affecting those residents has occurred. B. The USA Patriot Act broadly expanded law enforcement's investigative and surveillance powers. C. The Cybersecurity Information Sharing Act was strongly supported by most large technology companies and privacy advocates. D. The Federal Trade Commission has asserted that it has authority over corporations' data security practices.
In their attempts to forestall harm in risky venues, multinational companies must thoroughly evaluate the political environment, install modern security systems, compile a crisis handbook, and ________.
A. go on the offensive B. establish an effective bargaining position C. appeal to the religious leaders in the country D. prepare employees for situations that may arise
Which industries will want to keep using CRM as a major strategic focus in the future?
A. Industries whose products are unique. B. Industries whose products are difficult to differentiate. C. Industries whose products are exclusive. D. Industries whose products are distinctive.
Which of the following observations concerning "goodwill" is NOT correct?
A. It must be reported as a separate line item in the balance sheet. B. A goodwill impairment loss must be reported as a separate line item within income from continuing operations unless it relates to discontinued operations. C. Once written down, it may be written up for recoveries. D. It must be tested for impairment at least annually.