Florida Insurance Licensing Practice Exam

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Prepare for the Florida Insurance Licensing Exam using comprehensive questions and in-depth explanations. Perfect your understanding of essential insurance concepts and ensure your success!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

Which of the following type of employee theft best fits a business with a large turnover in its personnel?

The Name Schedule coverage
The Basic Extended Reporting Period
The Blanket coverage
The firm should reduce its number of employees

The correct answer is: The Blanket coverage

Blanket coverage would best fit a business with a large turnover in its personnel because it provides a blanket of protection that covers all employees. This is especially beneficial for businesses with high employee turnover, as it ensures that all employees are covered regardless of their length of employment. The other options may not be as suitable for businesses with high employee turnover. Option A, the Name Schedule coverage, only covers specific employees listed by name and may not cover new employees who have not been added to the schedule. Option B, the Basic Extended Reporting Period, is a type of insurance coverage and does not directly address employee theft. Option D, reducing the number of employees, may not effectively address employee theft and could negatively impact the business's operations.