A type of insurance that protects the owner of a business from loss when employees or customers are injured on the premises is called liability insurance.

RISK MANAGEMENT

Please wait while the activity loads.
If this activity does not load, try refreshing your browser. Also, this page requires javascript. Please visit using a browser with javascript enabled.

If loading fails, click here to try again

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	True
B	False
C	Either A or B
D	None of the above

Explanation:

Detailed explanation-1: -If a third party sustains any injury, damage or death due to the services offered by the professionals, the possibility of a lawsuit is higher. To bear those legal expenses, Professional Liability comes in handy.

Detailed explanation-2: -Liability insurance is a policy that offers protection to businesses and individuals from risk that they may be held legally or sued for negligence, malpractice or injury. This insurance policy protects the insured from legal payouts and costs for which the policyholder is deemed to be responsible.

Detailed explanation-3: -Liability insurance is the type of policy that protects the insured against financial liabilities resulting from injuries to any person as well as property damage. Apart from this, liability insurance provides coverage for any legal cost or debt that the responsible party is found legally guilty of.

Detailed explanation-4: -Different types of general insurance include motor insurance, health insurance, travel insurance, and home insurance.

Detailed explanation-5: -Personal Accident Insurance-These medical insurance policies only cover financial liability from injuries, disability or death arising due to accidents.

There is 1 question to complete.

BUISENESS MANAGEMENT

RISK MANAGEMENT