An underwriter is evaluating an application for a commercial restaurant policy and notes several details in the file: the building is located in a seismically active area, the kitchen exhaust hood has accumulated heavy grease due to a lack of cleaning, the owner was previously investigated for insurance fraud, and the employees routinely leave the back door unlocked overnight to avoid carrying keys. Based on fundamental risk management principles, which of the following correctly classify the risk elements identified by the underwriter? (Select two)
- The accumulation of heavy grease in the kitchen exhaust hood represents a physical hazard.Cevap
- BThe potential for earthquakes in the seismically active area represents a physical hazard.
- The owner's previous fraud investigation represents a moral hazard.Cevap
- DThe employees routinely leaving the back door unlocked represents a moral hazard.
Cevap
The accumulation of heavy grease represents a physical hazard, and the owner's fraud history represents a moral hazard.
The accumulation of heavy grease is a tangible physical condition that increases the likelihood of a fire, accurately defining a physical hazard. The owner's history of fraud indicates a character defect and potential for intentional dishonesty, accurately defining a moral hazard.
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Anahtar Kavram
Distinguishing between Perils (active causes of loss) and Hazards (conditions that increase the likelihood or severity of a loss), including Physical, Moral, and Morale hazards.