MANAGEMENT

BUISENESS MANAGEMENT

INSURANCE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Clare’s father is in a car accident and cannot work. What type of insurance replaces her father’s earnings?
A
health
B
life
C
disability
D
unemployment
Explanation: 

Detailed explanation-1: -Disability income insurance helps protect people from financial losses if an accident or illness renders them incapable of working and receiving regular income.

Detailed explanation-2: -Four types of insurance that most financial experts recommend include life, health, auto, and long-term disability.

Detailed explanation-3: -There are a number of liabilities insurance policy available. These include third party liability, public liability, product liability, employer liability, professional liabilities, industrial risks and so on.

Detailed explanation-4: -Liability insurance coverage protects you financially if you’re responsible for someone else’s injuries or property damage. Liability coverage comes standard with most vehicle and property insurance policies, including auto and homeowners insurance.

Detailed explanation-5: -Liability to third parties bodily injury and or death and property damage. Personal accident cover for the owner driver for a specified sum insured.

There is 1 question to complete.