Tim Has a Property Insurance Policy

question 31

Multiple Choice

Tim has a property insurance policy.He gets a job in a lab and brings his work materials home to do experiments,which require highly-explosive chemicals to be kept on the premises.Does the insurer have to cover an explosion?

• A)Yes,unless the policy excluded damages caused by an explosion.
• B)Yes,as long as Tim's behavior was not illegal.
• C)Yes,under all circumstances.
• D)No,if the policy had an increase of hazard provision.

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Definitions:

Pay Increases

Adjustments to salary or wages to enhance an employee's compensation.

Performance Contributions

The measurable output or results produced by an employee that contribute to the organization's objectives.

Skills-based Pay

A compensation system that rewards employees for the range, depth, and types of skills and knowledge they are capable of using in their work, rather than their job title or position.

Knowledge Program

A structured plan or initiative aimed at knowledge management, including the creation, sharing, and utilization of knowledge within an organization.