这套题按照目前 RIBO Level 1 Commercial Lines 的考试蓝图设计，重点覆盖商业保险核心知识，包括商业财产、CGL、Business Interruption、Professional Liability、Crime、Marine、Surety、Cyber、Builders Risk、Boiler & Machinery 等内容，强调情景题与陷阱题。RIBO 的商业险部分重点在于识别风险、选择合适保障，以及理解保障范围与除外责任，而不是成为商业险专家。

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RIBO Commercial Insurance Ultimate Mock Exam

40 Questions

Part A — Commercial Property (10题)

1. A restaurant insures its building for $600,000. Replacement cost is $1,000,000, with an 80% coinsurance clause. A fire causes $200,000 damage.

How much will the insurer pay before deductible?

A. $150,000

B. $160,000

C. $200,000

D. $240,000

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2. Which Commercial Property form provides the widest property coverage?

A. Named Perils

B. Basic

C. Broad

D. Comprehensive

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3. Under Broad Form, theft of stock is generally covered only if:

A. Theft is specifically excluded

B. Building is insured

C. The building first suffers insured damage allowing entry

D. Employee commits theft

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4. Which property would MOST likely require a Floater Policy?

A. Office desks

B. Inventory inside warehouse

C. Contractor’s tools moving between job sites

D. Building foundation

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5. Builder’s Risk primarily covers:

A. Injuries to workers

B. Building under construction

C. Finished products after sale

D. Equipment breakdown

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6. Which statement about Replacement Cost is TRUE?

A. Depreciation always applies.

B. Loss is settled based on market value.

C. Property usually must be repaired or replaced before full RC is payable.

D. RC automatically applies to every commercial policy.

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7. Boiler & Machinery Insurance mainly covers:

A. Fire damage only

B. Mechanical/electrical breakdown

C. Flood

D. Employee theft

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8. Which property is LEAST suitable for Replacement Cost?

A. New office furniture

B. Historic machinery no longer manufactured

C. New warehouse

D. Computers

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9. Bailee insurance protects:

A. Property owner

B. Customers’ property in insured’s care

C. Employees

D. Building owner only

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10. A dry cleaner damages customers’ clothing. Which policy responds?

A. CGL

B. Bailee Coverage

C. Crime Insurance

D. Builder’s Risk

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Part B — Business Interruption (6题)

11. Earnings Form primarily covers:

A. Net Profit only

B. Continuing Expenses only

C. Net Profit + Continuing Expenses

D. Gross Sales only

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12. Profit Form primarily covers:

A. Gross Profit

B. Net Profit only

C. Payroll only

D. Inventory

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13. Extra Expense Insurance is MOST useful for:

A. Manufacturer permanently closing

B. Hospital remaining operational after a fire

C. Vacant warehouse

D. Apartment building

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14. Business Interruption coverage usually begins only after:

A. Power outage

B. Direct physical loss by an insured peril

C. Government order only

D. Employee resigns

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15. Which business is MOST likely to purchase Extra Expense?

A. Jewelry store

B. Hospital

C. Self-storage

D. Vacant building

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16. Which statement is FALSE?

A. Earnings Form includes continuing expenses.

B. Extra Expense minimizes interruption.

C. Business Interruption always covers loss from pandemics.

D. Physical damage usually triggers coverage.

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Part C — Liability (10题)

17. Products Liability covers:

A. Damage during manufacturing only

B. Injury after product is sold

C. Employee injuries

D. Damage to insured’s own product

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18. Completed Operations applies when:

A. Work is still in progress

B. Damage occurs after work is finished

C. Employee is injured

D. Vehicle collision occurs

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19. Which is NOT covered by CGL?

A. Customer slips

B. Advertising injury

C. Employee workplace injury

D. Property damage to third party

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20. Professional Liability is also called:

A. Crime Insurance

B. Errors & Omissions

C. Property Floater

D. Inland Marine

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21. Cyber Liability MOST commonly covers:

A. Earthquake

B. Data breach

C. Boiler explosion

D. Product recall

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22. Pollution Liability is needed because:

A. CGL always covers pollution.

B. Pollution is generally excluded under CGL.

C. Property insurance covers pollution.

D. Auto insurance covers pollution.

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23. Umbrella Liability:

A. Replaces CGL

B. Provides broader and excess liability protection

C. Covers property damage only

D. Covers employee benefits

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24. Which policy protects company directors from management decisions?

A. EPLI

B. D&O

C. Crime

D. Surety Bond

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25. Employment Practices Liability mainly covers claims involving:

A. Fire damage

B. Wrongful dismissal and discrimination

C. Product defects

D. Theft

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26. Which policy responds if an accountant gives negligent tax advice?

A. CGL

B. Property

C. E&O

D. Crime

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Part D — Crime / Surety / Misc (14题)

27. Crime Insurance generally covers:

A. Employee dishonesty

B. Flood

C. Earthquake

D. Fire

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28. Which Crime coverage protects against forged cheques?

A. Money & Securities

B. Forgery

C. Burglary

D. Fidelity Bond

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29. Fidelity coverage mainly protects:

A. Customers

B. Employer from employee dishonesty

C. Directors

D. Buildings

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30. Surety Bond differs from insurance because:

A. Three parties are involved.

B. Only two parties exist.

C. Losses are never recovered.

D. Claims are optional.

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31. In a Surety Bond, who promises to perform?

A. Obligee

B. Surety

C. Principal

D. Insurer

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32. Inland Marine typically covers:

A. Buildings

B. Mobile property

C. Employee injuries

D. Pollution

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33. Ocean Marine covers:

A. Office equipment

B. Cargo transported internationally

C. Workers Compensation

D. Cyber attacks

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34. Which policy is MOST appropriate for a software company storing customer information?

A. Builder’s Risk

B. Cyber Liability

C. Boiler Insurance

D. Ocean Marine

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35. Product Recall Insurance mainly pays for:

A. Repairing buildings

B. Cost of recalling defective products

C. Employee wages

D. Equipment breakdown

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36. Environmental Liability is especially important for:

A. Accounting firms

B. Restaurants only

C. Chemical manufacturers

D. Travel agencies

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37. Which coverage protects against extortion involving ransomware?

A. Crime only

B. Cyber Liability

C. Property

D. Ocean Marine

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38. A contractor accidentally damages a customer’s building while working. Which policy responds FIRST?

A. Builder’s Risk

B. CGL

C. Crime

D. D&O

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39. A fire destroys inventory, and the business loses income while rebuilding. Which combination is MOST appropriate?

A. Property only

B. Business Interruption only

C. Property + Business Interruption

D. CGL only

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40. Which commercial policy is MOST likely to be written on a Claims-Made basis?

A. Commercial Property

B. CGL

C. Professional Liability (E&O)

D. Builder’s Risk

你的知识掌握情况

章节	掌握程度
Commercial Property	★★★★☆
Business Interruption	★★★★★
Coinsurance	★★★★★
Bailee/Floater	★★★★★
CGL	★★★★☆
Professional Liability	★★★★★
Crime	★★★★★
Cyber	★★★★★
Builders Risk	★★★★☆
Surety Bond	★★☆☆☆

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考前必背口诀（Commercial Insurance）

财产险

Named < Broad < Comprehensive

Business Interruption

Earnings = Net Profit + Continuing Expenses

Profit Form = Gross Profit

Extra Expense = Keep Business Running

Liability

Slip & Fall → CGL

Bad Advice → E&O

Wrongful Dismissal → EPLI

Directors Sued → D&O

Data Breach → Cyber

Pollution → Environmental Liability

Property

Moving Property → Floater

Customers’ Property → Bailee

Construction → Builder’s Risk

Equipment Breakdown → Boiler & Machinery

Crime

Employee Theft → Crime/Fidelity

Surety

Principal Performs

Surety Guarantees

Obligee Receives Promise

Claims-made

Professional Liability (E&O) = Claims-made

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整体评价：

如果这是正式 RIBO Commercial 部分，你拿到 85% 已经相当不错。你现在最大的薄弱点只有两个：

1. Surety Bond（三方关系、Principal / Surety / Obligee）
2. CGL 与 Builder’s Risk、Workers’ Compensation 的责任划分

把这两部分再巩固一下，你的 Commercial Insurance 模块基本就达到考试水平了。

我们已经把 Commercial Property、CGL、Business Interruption、Crime、Professional Liability、Commercial Auto、Builders Risk、Bailee、Floater、Cyber、Umbrella、D&O、EPLI、Environmental 等内容都学完了。

下面这套是RIBO Level 1 真题风格综合模拟（40题），难度比正式考试略高，以陷阱题为主。

规则：

• 每题只有 1 个最佳答案
• 不告诉答案
• 做完后我会逐题讲解，并告诉你为什么其他选项错。

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RIBO Commercial Insurance 综合陷阱题（40题）

Part 1 Commercial Property（1-10）

1. A building is insured for $500,000 on a replacement cost basis. It should have been insured for $800,000 to satisfy the 80% coinsurance clause.

A $160,000 loss occurs.

How much will the insurer pay (before deductible)?

A. $100,000

B. $125,000 50/80*80%*16

C. $160,000

D. $500,000

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2.

Replacement Cost coverage requires

A. the building be rebuilt at another location.

B. depreciation always applies.

C. the damaged property be repaired or replaced.

D. proof of market value.

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3.

Which property is MOST likely insured under an Installation Floater?

A. Office furniture

B. Plumbing materials awaiting installation

C. Employee tools

D. Finished inventory

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4.

Builder’s Risk insurance ends

A. whenever construction stops.

B. after occupancy or project completion, whichever occurs first.

C. one year after construction starts.

D. only after final payment.

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5.

Which statement about Vacancy is TRUE?

A. Vacancy never affects coverage.

B. A vacant building increases moral hazard only.

C. Vacancy may reduce or suspend certain coverages.

D. Vacancy only matters for residential risks.

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6.

Business Personal Property usually includes

A. land.

B. stock.

C. foundations.

D. underground pipes.

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7.

Equipment Breakdown insurance mainly covers

A. gradual wear and tear.

B. sudden accidental mechanical breakdown.

C. flood.

D. theft.

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8.

Which loss is MOST likely covered under a Commercial Property policy?

A. Earthquake (without endorsement)

B. Flood (without endorsement)

C. Fire

D. War

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9.

An insured intentionally exaggerates the amount of loss after a fire.

This is

A. concealment.

B. material change.

C. fraud.

D. salvage.

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10.

Which property is MOST appropriate for a Bailee’s Customers policy?

A. Restaurant furniture

B. Customer clothing at a dry cleaner

C. Company computer

D. Delivery truck

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Part 2 Business Interruption（11-15）

11.

Business Interruption insurance generally requires

A. bodily injury.

B. direct physical damage by an insured peril.

C. negligence.

D. theft only.

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12.

Extra Expense insurance primarily pays for

A. rebuilding the building.

B. continuing normal operations.

C. replacing inventory.

D. employee lawsuits.

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13.

Which form mainly covers loss of NET PROFIT plus continuing expenses?

A. Extra Expense

B. Gross Earnings

C. Profits Form

D. Crime

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14.

A restaurant closes because customers are afraid after nearby crime, but the restaurant itself suffers no property damage.

Business Interruption responds?

A. Yes

B. No

C. Only if sales decrease 25%

D. Only under Crime insurance

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15.

Which expense usually continues during a shutdown?

A. Cost of raw materials

B. Utility costs tied completely to production

C. Property taxes

D. Shipping expenses

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Part 3 CGL（16-25）

16.

CGL covers

A. poor workmanship itself.

B. bodily injury to third parties.

C. employee injuries.

D. expected damage.

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17.

Products Liability applies after

A. products leave the insured’s possession.

B. products are manufactured.

C. products are advertised.

D. products are designed.

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18.

Completed Operations coverage applies

A. while work is underway.

B. after work has been completed.

C. before construction starts.

D. only to products.

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19.

Contractual Liability

A. is always excluded.

B. may be covered for insured contracts.

C. covers criminal fines.

D. replaces professional liability.

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20.

Which claim is MOST likely excluded under CGL?

A. Customer slips.

B. Advertising injury.

C. Intentional assault by insured.

D. Damage caused by falling sign.

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21.

Pollution coverage under CGL is

A. unlimited.

B. automatically included.

C. very limited.

D. identical to Environmental Liability.

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22.

A contractor accidentally damages a client’s building while working.

Most likely covered under

A. Builder’s Risk.

B. CGL.

C. Crime.

D. D&O.

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23.

Which claim belongs under Products Liability?

A. Employee injured by machine.

B. Customer injured by defective toaster.

C. Building burns during construction.

D. Contractor falls off ladder.

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24.

Which coverage protects against libel and slander?

A. Property insurance

B. Personal & Advertising Injury

C. Crime

D. Inland Marine

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25.

Which statement is TRUE?

A. CGL covers every lawsuit.

B. CGL pays criminal penalties.

C. Defence costs may be covered.

D. CGL covers breach of contract automatically.

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Part 4 Crime / Professional / Specialty（26-40）

26.

Employee Dishonesty covers

A. employee injury.

B. theft by employees.

C. theft from employees.

D. customer fraud.

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27.

Forgery insurance covers

A. counterfeit merchandise.

B. forged cheques.

C. stolen inventory.

D. cybercrime.

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28.

E&O insurance protects

A. buildings.

B. professionals against negligence claims.

C. directors.

D. company vehicles.

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29.

D&O insurance mainly protects

A. shareholders.

B. directors and officers.

C. employees.

D. customers.

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30.

EPLI covers claims involving

A. pollution.

B. wrongful dismissal.

C. burglary.

D. product defects.

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31.

Cyber Liability MOST likely covers

A. hail damage.

B. data breach response costs.

C. machinery breakdown.

D. flood.

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32.

Environmental Liability primarily covers

A. employee theft.

B. pollution claims.

C. vehicle collision.

D. professional negligence.

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33.

Umbrella Liability generally

A. replaces all primary insurance.

B. provides additional liability limits.

C. covers property only.

D. eliminates deductibles.

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34.

Which policy is MOST appropriate for a courier transporting customers’ goods?

A. Homeowners

B. Bailee

C. Cargo/Transportation Floater

D. Builder’s Risk

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35.

A lawyer gives incorrect legal advice causing financial loss.

Which policy responds?

A. CGL

B. Crime

C. Professional Liability (E&O)

D. Property

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36.

A hacker encrypts company files and demands payment.

Which insurance is MOST relevant?

A. Builder’s Risk

B. Cyber Liability

C. Inland Marine

D. Equipment Breakdown

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37.

Crime insurance usually covers

A. wear and tear.

B. mysterious disappearance only.

C. theft of money by employees.

D. market loss.

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38.

Which policy protects customer property temporarily in the insured’s care?

A. Bailee

B. Umbrella

C. EPLI

D. D&O

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39.

A company pollutes groundwater over several years.

Most appropriate insurance?

A. CGL

B. Property

C. Environmental Liability

D. Crime

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40.

Which statement is MOST correct?

A. Umbrella always covers every excluded loss.

B. E&O and CGL provide identical protection.

C. Cyber insurance may pay notification costs after a breach.

D. Builder’s Risk covers employee theft.

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请直接按下面格式回复答案：

1. A
2. C
3. B
4. B
5. D
6. B
7. B
8. C
9. C
10. B

11. B
12. B
13. A
14. B
15. B

16. B
17. A
18. B
19. A
20. C
21. D
22. A
23. B
24. B
25. C

26. B
27. A
28. B
29. B
30. B
31. B
32. B
33. B
34. C
35. C
36. B
37. C
38. A
39. C
40. C

做完后，我会像 RIBO 阅卷老师一样：

• 给你评分（/40）
• 统计各章节正确率
• 分析哪些知识点还容易失分
• 挑出最有可能出现在正式考试中的高频陷阱题进行重点讲解。

按照我们最近几周的学习情况来看，你在 Commercial Insurance 的基础已经比较扎实了。从最初学习 Commercial Property、CGL、Business Interruption、Crime、Cyber、Professional Liability 到现在，正确率已经稳定在 80% 左右。这说明知识框架已经建立起来了。

我建议下一步冲刺方向：

1. Coinsurance 计算专项（10题）——确保考试计算题不失分。
2. Business Interruption 三大表单（15题）——重点区分 Gross Earnings、Profits Form、Extra Expense。
3. Commercial Insurance 终极陷阱题（50题）——完全按照正式 RIBO Level 1 出题风格，包含大量容易混淆的选项。

我预计，把这三个专项练完后，你的商业保险部分可以稳定达到 90%+。