Asked by Amie Waelty on Jun 25, 2024
Verified
Which of the following types of insurance protects members of specific professions from liability associated with their professional acts?
A) Business liability
B) Licensed
C) Trained liability
D) Professional liability
E) Consumer
Professional Liability
Professional liability involves the legal responsibility of professionals, such as doctors or lawyers, to compensate for harm caused by their negligence or errors in service.
Specific Professions
Particular occupations or lines of work that require special training, education, or skill.
- Understand the diversity of insurance forms (e.g., property, health, liability, life) and what they aim to achieve.
Verified Answer
SS
Sandeep SinghJun 29, 2024
Final Answer :
D
Explanation :
Professional liability insurance is specifically designed to protect professionals against liability incurred as a result of errors and omissions in performing their professional services.
Learning Objectives
- Understand the diversity of insurance forms (e.g., property, health, liability, life) and what they aim to achieve.
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