Commercial General Liability vs
10 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

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?

  • Manufacturing businesses
  • Businesses that provide services (correct)
  • Retail businesses
  • Real estate businesses

    • 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?

    <p>Professional liability insurance</p> Signup and view all the answers

    What is a key difference between general liability insurance and professional liability insurance?

    <p>General liability is for all businesses, while professional liability is for service-providing businesses</p> Signup and view all the answers

    General liability insurance provides coverage for bodily injury, property damage, and medical expenses

    <p>True</p> Signup and view all the answers

    Professional liability insurance is designed for businesses that provide services

    <p>True</p> Signup and view all the answers

    Commercial property insurance protects against losses in events such as fire, storm, or theft

    <p>True</p> Signup and view all the answers

    General liability insurance is only for specific types of businesses

    <p>False</p> Signup and view all the answers

    Professional liability insurance covers expenses related to defending lawsuits and settlement bonds or judgments

    <p>False</p> Signup and view all the answers

    More Like This

    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser