Podcast
Questions and Answers
What does general liability insurance provide coverage for?
What does general liability insurance provide coverage for?
- Medical expenses and commercial property damage
- Bodily injury and property damage (correct)
- Defamation and settlement bonds
- Property damage and professional negligence
What type of businesses is professional liability insurance designed for?
What type of businesses is professional liability insurance designed for?
- Manufacturing businesses
- Businesses that provide services (correct)
- Retail businesses
- Real estate businesses
What does commercial property insurance protect businesses from?
What does commercial property insurance protect businesses from?
- Financial losses due to market fluctuations
- Liability claims from competitors
- Employee negligence
- Losses in events such as fire, storm, or theft (correct)
Which type of insurance covers expenses related to malpractice and errors?
Which type of insurance covers expenses related to malpractice and errors?
What is a key difference between general liability insurance and professional liability insurance?
What is a key difference between general liability insurance and professional liability insurance?
General liability insurance provides coverage for bodily injury, property damage, and medical expenses
General liability insurance provides coverage for bodily injury, property damage, and medical expenses
Professional liability insurance is designed for businesses that provide services
Professional liability insurance is designed for businesses that provide services
Commercial property insurance protects against losses in events such as fire, storm, or theft
Commercial property insurance protects against losses in events such as fire, storm, or theft
General liability insurance is only for specific types of businesses
General liability insurance is only for specific types of businesses
Professional liability insurance covers expenses related to defending lawsuits and settlement bonds or judgments
Professional liability insurance covers expenses related to defending lawsuits and settlement bonds or judgments
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