Asked by Marissa Gonçalves on Jul 26, 2024
Verified
________ is the type of insurance most closely associated with torts.
A) Liability insurance
B) Business interruption insurance
C) Disability insurance
D) Property insurance
E) Umbrella insurance
Business Interruption
An event that causes significant disruption to the normal operations of a business, potentially leading to financial loss.
Tort
A wrongful act or infringement of a right leading to civil legal liability, not arising from a contract.
Umbrella Insurance
A type of extra liability insurance that provides additional coverage beyond the limits of the insured's homeowners, auto, or watercraft insurance policies.
- Perceive the rulesets that influence insurance contractual agreements, the harvesting of claims, and the clarification of open-to-interpretation stipulations to the insured’s advantage.
Verified Answer
DP
Diana PlangJul 29, 2024
Final Answer :
A
Explanation :
Liability insurance is most closely associated with torts because it provides coverage for legal liabilities arising from injuries or damages to other people or property, which are common issues in tort law.
Learning Objectives
- Perceive the rulesets that influence insurance contractual agreements, the harvesting of claims, and the clarification of open-to-interpretation stipulations to the insured’s advantage.