Registered Insurance Brokers of Ontario (RIBO) Practice Exam

Is slippery stairs considered a peril in insurance terms?

1. Yes

2. No

3. Only in certain conditions

4. Depends on documentation

The correct answer is: No

In insurance terminology, a peril refers to specific risks or causes of loss that are covered under an insurance policy. Slippery stairs, in a general sense, may not qualify as a direct peril because they are often seen as a condition rather than an event or cause of loss. Insurance policies typically specify a range of perils that are covered, which might include things like fire, theft, or natural disasters, rather than generalized safety hazards. The nature of a slippery stair condition is often more related to liability insurance rather than property insurance. For example, if someone were injured due to slippery stairs, the liability aspects of the policy would come into play, but that does not classify the slippery stairs themselves as a peril. This distinction helps clarify why slippery stairs are not recognized as a peril in this context.