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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What type of business insurance covers a company’s legal responsibility for the harm it may cause to others as a result of what it and its employees do or fail to do in its business operations?
A
property insurance
B
life insurance
C
business interruption insurance
D
liability insurance
Explanation: 

Detailed explanation-1: -Liability insurance is a policy that offers cover to businesses/individuals and companies in case of legal hassles and if they are sued due to harm caused to another person by their products and services.

Detailed explanation-2: -Errors and Omission (E&O) insurance falls under the category of professional liability insurance (PLI). It protects companies and employees who provide professional services from the claims of negligent actions or inadequate work from clients.

Detailed explanation-3: -If your company has to vacate its premises because of a disaster-related damage, we protect your loss of income. The policy also covers operating expenses, like electricity, that continue even after your business is interrupted.

Detailed explanation-4: -Commercial liability, personal liability or workers’ compensation are different types of liability insurance.

Detailed explanation-5: -General Liability Insurance-A type of insurance coverage that businesses need to protect themselves against any legal liability for damages or injuries to any third party, plus advertising injuries and personal injuries as well as any injuries or damages that take place because of your business’s operations.

There is 1 question to complete.