Insurance and risk management True or false 32-40 FINALANSWER AS MANY AS POSSIBLE Thank you dearly !

32. A commercial general liability insurance policy will pay for certain losses even if the insured is not legally liable for any damages. 33. A landlord will sometimes ask the lessee to name the landlord as an additional insured on the lessee's commercial general liability insurance policy. This provides the landlord with coverage to any physical damage to the building. 34. In a surety bond, the obligor pays the premium and the obliges guarantees that the work will be done. 35. Crime insurance provides protection against theft by an employee. 36. In a surety bond, the bond limit is typically the highest amount to which the surety is limited. 37. Risk management is a post-loss exercise that reects an organization's pre-loss objectives 38. The two principle means of treating identied loss exposures are insurance and control. 39. Risk Control is the most important risk management activity. 40. A stock insurance company usually pays policyholder dividends