EstatePass
Business & FinanceBusiness Setupmedium11% of exam part

The Key West startup identifies this risk exposure: work in place before completion. Which insurance setup file is most relevant?

Correct Answer

C) builder's risk review

Startup risk management should match coverage type to liability, vehicle, and project-property exposures.

Answer Options
A
bid bond file insurance evidence file
B
tax registration banking setup log
C
builder's risk review
D
lien notice log tax registration packet

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 A: bid bond file insurance evidence file

bid bond file insurance evidence file belongs to a different file or record trail; it does not prove the insurance setup event.

Option B: tax registration banking setup log

tax registration banking setup log belongs to a different file or record trail; it does not prove the insurance setup event.

Option D: lien notice log tax registration packet

lien notice log tax registration packet belongs to a different file or record trail; it does not prove the insurance setup event.

Memory Technique

Insurance proof for Agent Reviews: event, approval, receipt, follow-up.

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.

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