Which statement is false regarding the completed operations exposure?

The choice stating that coverage includes replacement of the work that caused the loss is false regarding completed operations exposure. In the context of completed operations coverage, the focus is on liability for bodily injury or property damage that occurs after the insured's work has been completed and handed over to the customer.

When a contractor or service provider finishes their work, this coverage protects them against claims that arise from their completed work. However, it does not cover the cost of replacing or repairing the work itself if it is found to be defective. Instead, this type of insurance is meant to address claims related to the damages or injuries that occur as a result of the completed work, rather than to rectify the work or replace it.

This distinction is crucial because it emphasizes the liability coverage aspect, rather than a warranty or guarantee on the quality or performance of the work after its completion. Such warranties or guarantees would typically be covered under a different type of contract or insurance arrangement.

The other statements accurately reflect the nature of completed operations exposure: it does encompass bodily injury and property damage; it applies only after the operations are complete; and it protects the insured against claims that can arise after the completion of their work.