BUISENESS MANAGEMENT
INSURANCE
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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actual & punitive damages
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actual damages & legal expenses
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only actual damages
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only medical expenses
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Detailed explanation-1: -Public liability insurance in India is specially designed for companies or individuals who may be held legally liable to pay for the injury or other related damages caused to a third party.
Detailed explanation-2: -Liability insurance provides protection against claims resulting from injuries and damage to people and/or property.
Detailed explanation-3: -Professional Liability Insurance is the type of business insurance that provides protection against damages caused in the performance of a service. Also known as Errors and Omissions Insurance, it takes care of any losses that you may have faced because of negligence in rendering any services.
Detailed explanation-4: -Personal liability insurance provides you with protection against claims resulting from injuries and damage to other people or property. Though typically part of a homeowners policy, personal liability insurance can also be purchased separately.
Detailed explanation-5: -Premises liability insurance coverage is a policy that property owners can buy in case someone is injured on their property. If the owner is found to have been negligent, the insurance company will pay the victim compensation.