Mark receives a call that one of his competitor\'s trucks was involved in an accident and the driver has significant injuries. The truck is damaged and is leaking both fuel from the truck, but it is also leaking the dirty water being hauled for disposal. Mark is concerned and calls you to ask if this was his truck what would be covered. Please explain to Mark how each portion of the claim would be covered (or not covered). Solution Insurance plays an important role as it mnimize the risk or loss on property. Mark can claim which would be covered in insurance as follows. 1. Loss of property - Mark can claim insurance on truck which is damaged 2. Loss of goods - He can claim insurance for the cargo being damaged 3. Truck driver insurance - The hospital will not charge any amount to driver if Mark has the insurance policy of truck driver..

1. Mark receives a call that one of his competitor's trucks was involved in an accident and the
driver has significant injuries. The truck is damaged and is leaking both fuel from the truck, but
it is also leaking the dirty water being hauled for disposal. Mark is concerned and calls you to
ask if this was his truck what would be covered. Please explain to Mark how each portion of the
claim would be covered (or not covered).
Solution
Insurance plays an important role as it mnimize the risk or loss on property.
Mark can claim which would be covered in insurance as follows.
1. Loss of property - Mark can claim insurance on truck which is damaged
2. Loss of goods - He can claim insurance for the cargo being damaged
3. Truck driver insurance - The hospital will not charge any amount to driver if Mark has the
insurance policy of truck driver.