Arkansas Insurance Adjuster Practice Exam

Jane owns an aquarium supplies store and purchases a Business Owners Policy. What protection can she expect without endorsements?

1. Named peril coverage

2. Insurance for her company-owned vehicles

3. Malpractice insurance

4. Extra expense coverage

The correct answer is: Extra expense coverage

A Business Owners Policy typically includes protection for a business owner's property, liability, and business income. Without any additional endorsements, Jane can expect to be protected from any extra expenses incurred due to unexpected events. The other options are incorrect because they refer to specific types of coverage that would need to be added on separately. Named peril coverage is a type of property insurance that covers losses caused by specific events, such as fires or theft. Insurance for company-owned vehicles is also a separate type of coverage that would need to be added. Malpractice insurance typically refers to coverage for professionals, such as doctors or lawyers, and would not apply to an aquarium supplies store.