Which of these sums represents the contribution to the UK’s gross domestic product made by the key classes of business written in the London market each year?
A: £29 bn
B: £10 bn
C: £15 bn
D: £50 bn
A: The key classes of business written in the London market contribute around £29 billion to the UK’s gross domestic product, which accounts for net worldwide premiums of £187 billion.
What is normally third party liability property damage limit in respect of a commercial motor policy?
A: Between £20m and £50m B: Between £1m and £5m C: Between £10m and £15m D: Unlimited
D: A fiduciary is a person who occupies a position of trust and is required to act for the latter’s benefit.
2B: Insurance-backed guarantees are presently available for many trades and occupations including glazing, roofing, timber treatment, property renovations and renewable energy systems. Demolition contractors cannot as there should not be anything left to fail to fulfil its intended purpose.