The Bradenton startup identifies this risk exposure: third-party injury or property damage. Which insurance setup file is most relevant?
Correct Answer
A) general liability policy
Startup risk management should match coverage type to liability, vehicle, and project-property exposures.
Why This Is the Correct Answer
Startup risk management should match coverage type to liability, vehicle, and project-property exposures.
Why the Other Options Are Wrong
Option B: bid bond file license setup record
bid bond file license setup record may relate to another site control, but it does not remove or guard the insurance setup exposure being tested.
Option C: tax registration business audit note
tax registration business audit note may relate to another site control, but it does not remove or guard the insurance setup exposure being tested.
Option D: lien notice log insurance evidence file
lien notice log insurance evidence file may relate to another site control, but it does not remove or guard the insurance setup exposure being tested.
Memory Technique
If Agent Reviews can still reach the worker, the control is decoration.
Reference Hint
Open-book path: tab Contractor's Manual, 2025 to Insurance setup for contractors; general liability, auto, and builder's risk; verify the startup duty, registration, or financial setup before answering.
More Business & Finance Questions
The Cedar Key subcontract closeout file requires 44 final releases, and 31 have been received. How many releases are missing?
A Florida GC prepaid $18,000 for annual insurance and expenses it evenly by month. After 7 months have expired, what prepaid asset remains?
The West Miami system access list starts with 22 active users, adds 4, and removes 7. How many active users should remain?
The Winter Park bank review shows a bank balance of $124,600, book balance of $119,400, and known timing items of $3,200. What unexplained difference remains?
The Riverview bank review shows a bank balance of $87,500, book balance of $90,400, and known timing items of $1,600. What unexplained difference remains?
A Satellite Beach contractor had 4 separations during the quarter and an average headcount of 32. What turnover rate should HR report?
A Winter Park startup budgets monthly overhead of $61,500 and wants a 4-month operating reserve. What reserve should be funded?
A Royal Palm Beach customer account has unpaid approved invoices of $126,000. Company policy requires review when unpaid invoices exceed $100,000. What status applies?
A Wildwood contractor had 9 separations during the quarter and an average headcount of 60. What turnover rate should HR report?
A Clermont field group had 64 absence hours out of 1280 scheduled hours. What absence rate should be reported?
People Also Study
Related Study Resources
Previous Question
A new Tamarac project is being entered in the accounting system. Which record should capture the job number and cost-code opening?
Next Question
The Plantation accounts-payable file shows this issue: supplier statement omits a paid invoice. Which administrative control should be applied?