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Subjects · Leaving Cert Business

Leaving Cert Business: Insurance

How often Insurance comes up on the Business papers, every year it was asked, and questions to try.

HL Asked on 8 of the last 10 Higher Level papers, most recently in 2026. most years

OL Asked on 10 of the last 10 Ordinary Level papers, most recently in 2026. banker

June 2027 is the first exam on the new Business course. These come from the 2016–2026 papers, so read them as a guide.

Insurance, Higher Level(6 marks)

Quick ones on Insurance.

(a)An intermediary who gives advice and finds insurance from different insurers is a…
  1. Actuary
  2. Broker
  3. Loss adjuster
(b)Employer's liability insurance covers…
  1. Injury to customers in the shop
  2. Theft by employees
  3. Injury to employees at work
(c)Product liability insurance covers…
  1. Injury caused by the firm's faulty products
  2. Lost profits while closed after a fire
  3. Damage to the firm's own stock and premises
Show the answers

(a) Broker

(b) Injury to employees at work

(c) Injury caused by the firm's faulty products

Your turn: Higher Level questions on Insurance.

Higher Level

Asked on 8 of the last 10 Higher Level papers, most recently in 2026. most years

Every paper, year by year

YearWhere it came up
2026Section 1 Q9
2025Section 3 Q6
2024Section 1 Q9, Section 3 Q6
2023Section 3 Q6
2022Section 3 Q6
2021Section 1 Q4, Section 2 ABQ
2019Not asked
2018Section 3 Q5
2017Not asked
2016Section 1 Q4

Links open the State Examinations Commission’s paper for that year.

More Insurance questions

Insurance, 2 marks

Cover against the death or serious illness of a vital employee is…

  1. Employer's liability insurance
  2. Product liability insurance
  3. Key person insurance
Show the answer

Key person insurance

Key person insurance protects the firm against lost profits if a vital person, e.g. a founder or top salesperson, dies or is seriously ill. The firm, not the family, gets the payout.

Insurance, 2 marks

Collecting premiums from many to pay the losses of a few is…

  1. Contribution
  2. Pooling of risk
  3. Subrogation
Show the answer

Pooling of risk

Pooling of risk is the basis of insurance: many people pay premiums into a common fund, and the few who suffer a loss are compensated from it.

Ordinary Level

Asked on 10 of the last 10 Ordinary Level papers, most recently in 2026. banker

Every paper, year by year

YearWhere it came up
2026Section 1 Q8, Section 2 Q6
2025Section 2 Q9
2024Section 2 Q6
2023Section 2 Q6
2022Section 1 Q12, Section 2 Q6
2021Section 2 Q6
2019Section 1 Q3
2018Section 2 Q5
2017Section 1 Q14, Section 2 Q5
2016Section 2 Q5

Links open the State Examinations Commission’s paper for that year.

More Insurance questions

Insurance, 2 marks

The payment made to an insurance company in return for cover is the…

  1. Claim
  2. Excess
  3. Premium
Show the answer

Premium

The premium is usually paid yearly or monthly. It is worked out from how likely and how costly the risk is.

Insurance, 2 marks

Which insurance is compulsory by law for a car driven on Irish roads?

  1. Travel insurance
  2. Third party motor insurance
  3. House and contents insurance
Show the answer

Third party motor insurance

Third party cover pays for injury or damage you cause to others. Driving without it is a criminal offence.

Insurance, 2 marks

The first part of every claim that the policyholder must pay themselves is the…

  1. Excess
  2. Premium
  3. Dividend
Show the answer

Excess

For example, with a 300 euro excess the insurer pays the rest of the claim. It discourages very small claims.

Other Business topics

All of Leaving Cert Business