AINS 103 |2025 UPDATE |REAL EXAM
AINS 103 |2025 UPDATE |REAL EXAM QUESTIONS AND
VERIFIED ANSWERS/ACCURATE SOLUTIONS |GET IT
100% CORRECT!! ALREADY GRADED A+
Instructions to Candidates
• This revision exam consists of 200 multiple-choice questions, each accompanied by the
correct answer.
• The purpose of this material is to support your personal revision and self-assessment.
• Please read each question carefully and thoroughly to ensure full understanding.
• Take your time to reflect on the correct answers and, where necessary, review related study
materials for deeper comprehension.
• You are encouraged to complete the exam under timed conditions to simulate a real examination
environment.
• Best of luck in your revision and upcoming exams.
1|Page
, AINS 103 |2025 UPDATE |REAL EXAM
An email was sent to a company's employees containing a harmful attachment. Several
employees opened the attachment which allowed hackers to obtain customer contact
information. This cyber risk loss is
Select one:
A. Damage to intangible property.
B. Damage to personal property.
C. Damage to tangible property.
D. Errors and omissions liability. - ANSWER-A. Damage to intangible property.
An individual owns a web-based business. All sales records and contact data are maintained on
the same network server as the website. Someone hacks into the server and deletes all of the
saved data. Which one of the following types of loss is this?
Select one:
A. Tangible property
B. Personal injury
C. Intangible property
D. Contingent business income - ANSWER-C. Intangible property
Property insurance policies use the term "personal property" to refer to the
Select one:
A. Property in transit.
B. Contents in and around a building.
C. Buildings not attached to the main building.
D. Company's copyrights and trademarks. - ANSWER-B. Contents in and around a building.
In business income insurance, the expenses that an organization would not have incurred if the
business interruption had not occurred are called
2|Page
, AINS 103 |2025 UPDATE |REAL EXAM
Select one:
A. Continuing expenses.
B. Contingent expenses.
C. Excludable expenses.
D. Extra expenses. - ANSWER-D. Extra expenses.
A vehicle owner had a tire store install four new wheels and tires on the vehicle. On the way
home from the store, one of the wheels came off, causing the vehicle to accidentally run off the
road and strike a tree. The vehicle owner sued the tire store for failing to properly tighten the
lug nuts on the vehicle. The loss exposure faced by the tire store in this case is known as
Select one:
A. Employers liability.
B. Completed operations liability.
C. Automobile liability.
D. Products liability. - ANSWER-B. Completed operations liability.
Which one of the following loss exposures exist when a business can be held legally liable for
bodily injury or property damage caused by their repair or contracting work?
Select one:
A. Operations liability
B. Completed operations liability
C. Workers' compensation liability
D. Products liability - ANSWER-B. Completed operations liability
Inland marine insurance is insurance that covers
Select one:
A. Businesses that own or operate watercraft, or import or export goods.
3|Page
, AINS 103 |2025 UPDATE |REAL EXAM
B. Many different classes of property that typically involve an element of transportation on land.
C. Companies that ship goods by commercial vessel on inland waterways.
D. Miscellaneous lines such as burglary, glass, and steam boilers. - ANSWER-B. Many different
classes of property that typically involve an element of transportation on land.
Sue is injured at work, and her job responsibilities are reduced for 30 days, after which time she
is fully recovered. Sue has which one of the following types of workers compensation
disabilities?
Select one:
A. Temporary total disability
B. Permanent partial disability
C. Temporary partial disability
D. Permanent total disability - ANSWER-C. Temporary partial disability
Meat Products Company (MPC) runs packing plants in three Midwest states. The company was
in the news recently because of its labor practices. The Department of Labor (DOL) investigated
complaints from five female employees that MPC discriminated against them. The DOL found
the claim was true. The Immigration and Naturalization Service (INS) found that the company
employed illegal immigrants and paid them less than the minimum wage. When this news
became public, MPC's reputation was severely harmed. This scenario illustrates which source of
reputation risk?
Select one:
A. Corporate governance and leadership
B. Corporate social responsibility
C. Regulatory and legal compliance
D. Communication and crisis management - ANSWER-C. Regulatory and legal compliance
The two categories of property that are exposed to loss from cyber risk are
Select one:
4|Page
AINS 103 |2025 UPDATE |REAL EXAM QUESTIONS AND
VERIFIED ANSWERS/ACCURATE SOLUTIONS |GET IT
100% CORRECT!! ALREADY GRADED A+
Instructions to Candidates
• This revision exam consists of 200 multiple-choice questions, each accompanied by the
correct answer.
• The purpose of this material is to support your personal revision and self-assessment.
• Please read each question carefully and thoroughly to ensure full understanding.
• Take your time to reflect on the correct answers and, where necessary, review related study
materials for deeper comprehension.
• You are encouraged to complete the exam under timed conditions to simulate a real examination
environment.
• Best of luck in your revision and upcoming exams.
1|Page
, AINS 103 |2025 UPDATE |REAL EXAM
An email was sent to a company's employees containing a harmful attachment. Several
employees opened the attachment which allowed hackers to obtain customer contact
information. This cyber risk loss is
Select one:
A. Damage to intangible property.
B. Damage to personal property.
C. Damage to tangible property.
D. Errors and omissions liability. - ANSWER-A. Damage to intangible property.
An individual owns a web-based business. All sales records and contact data are maintained on
the same network server as the website. Someone hacks into the server and deletes all of the
saved data. Which one of the following types of loss is this?
Select one:
A. Tangible property
B. Personal injury
C. Intangible property
D. Contingent business income - ANSWER-C. Intangible property
Property insurance policies use the term "personal property" to refer to the
Select one:
A. Property in transit.
B. Contents in and around a building.
C. Buildings not attached to the main building.
D. Company's copyrights and trademarks. - ANSWER-B. Contents in and around a building.
In business income insurance, the expenses that an organization would not have incurred if the
business interruption had not occurred are called
2|Page
, AINS 103 |2025 UPDATE |REAL EXAM
Select one:
A. Continuing expenses.
B. Contingent expenses.
C. Excludable expenses.
D. Extra expenses. - ANSWER-D. Extra expenses.
A vehicle owner had a tire store install four new wheels and tires on the vehicle. On the way
home from the store, one of the wheels came off, causing the vehicle to accidentally run off the
road and strike a tree. The vehicle owner sued the tire store for failing to properly tighten the
lug nuts on the vehicle. The loss exposure faced by the tire store in this case is known as
Select one:
A. Employers liability.
B. Completed operations liability.
C. Automobile liability.
D. Products liability. - ANSWER-B. Completed operations liability.
Which one of the following loss exposures exist when a business can be held legally liable for
bodily injury or property damage caused by their repair or contracting work?
Select one:
A. Operations liability
B. Completed operations liability
C. Workers' compensation liability
D. Products liability - ANSWER-B. Completed operations liability
Inland marine insurance is insurance that covers
Select one:
A. Businesses that own or operate watercraft, or import or export goods.
3|Page
, AINS 103 |2025 UPDATE |REAL EXAM
B. Many different classes of property that typically involve an element of transportation on land.
C. Companies that ship goods by commercial vessel on inland waterways.
D. Miscellaneous lines such as burglary, glass, and steam boilers. - ANSWER-B. Many different
classes of property that typically involve an element of transportation on land.
Sue is injured at work, and her job responsibilities are reduced for 30 days, after which time she
is fully recovered. Sue has which one of the following types of workers compensation
disabilities?
Select one:
A. Temporary total disability
B. Permanent partial disability
C. Temporary partial disability
D. Permanent total disability - ANSWER-C. Temporary partial disability
Meat Products Company (MPC) runs packing plants in three Midwest states. The company was
in the news recently because of its labor practices. The Department of Labor (DOL) investigated
complaints from five female employees that MPC discriminated against them. The DOL found
the claim was true. The Immigration and Naturalization Service (INS) found that the company
employed illegal immigrants and paid them less than the minimum wage. When this news
became public, MPC's reputation was severely harmed. This scenario illustrates which source of
reputation risk?
Select one:
A. Corporate governance and leadership
B. Corporate social responsibility
C. Regulatory and legal compliance
D. Communication and crisis management - ANSWER-C. Regulatory and legal compliance
The two categories of property that are exposed to loss from cyber risk are
Select one:
4|Page
