Asked by Mohamed Bawazir on Jun 23, 2024
Verified
A business should purchase a(n) ________ that protects against a broad range of risks that the firm can specify, including personal injury suits by customers and suits by competitors over intellectual property
A) commercial general liability policy
B) risk against harm policy
C) commercial harm against loss policy
D) open-ended commercial policy
E) exact liability policy
Commercial General Liability Policy
An insurance policy designed to provide coverage to businesses for bodily injury, personal injury, and property damage caused by the business’s operations or products.
Personal Injury Suits
Legal actions initiated by individuals seeking compensation for injuries they have suffered due to someone else's negligence or wrongdoing.
- Distinguish between various insurance models and their intended functions.
Verified Answer
AP
azmazazabilla paizonJun 29, 2024
Final Answer :
A
Explanation :
A commercial general liability policy is designed to protect businesses against a wide range of potential liabilities, including personal injury suits by customers and intellectual property disputes with competitors. This type of insurance policy offers broad coverage for various risks that a business can specify, making it the correct choice for the described needs.
Learning Objectives
- Distinguish between various insurance models and their intended functions.
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