Answer:
A retroactive date endorsement
Explanation:
In Insurance, a retroactive date endorsement is used for most claims-made policy forms.
For a claims-made policies, the date which a professional liability coverage begins, covering for any incident that causes damage or harm to a third party on or after the date it occurred, provided the claims relating to it were filed with an active liability insurance coverage, is known as the retroactive date endorsement.
Hence, Bernice should add a retroactive date endorsement to the policy to protect the insurer against liability for such previous losses.
Answer:
A
Explanation:
While financial reserve is an amount set aside, for emergencies is most appropriate is because, emergencies may either be short-term or medium term depending on the way it comes. A reserve can always be used to cushion the effect of unexpected events.
Answer:
<u>Amplified word of mouth.</u>
Explanation:
Word of mouth marketing refers to using customer recommendations for the purpose of advertising so as to accomplish marketing goals.
Usually this form of marketing is spread from one customer to another in the form of recommendations.
For instance, a customer who uses a product and liked it, posts a favorable review on the product site, praising the product. Such a review would influence other prospective buyer and their purchases.
There are two kinds of word of mouth namely, organic and amplified. In the case of former, the review and praises arise out of natural tendency of the customer to recommend the product.
In case of the latter, the marketers launch such campaigns that encourage word of mouth in both existing as well as new communities.
In the given case, the company distributes free samples and seeks feedback of the target customers on the company's blog, which would be visible to prospective customers. The goal being to stimulate positive word of mouth, this method refers to amplified word of mouth.