Discount Retail Corporation obtains an insurance policy that provides indemnity against losses in trade or losses caused by the dishonesty of employees,the insolvency of debtors,or breaches of contract.This is

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The insurance policy described in the scenario is fidelity or guaranty insurance, which provides coverage for losses resulting from employee dishonesty, insolvency of debtors, or breaches of contract. Malpractice insurance covers professionals against claims of negligence or misconduct, liability insurance covers losses resulting from third-party claims, and key-person insurance provides compensation to a company in the event of the death or disability of a key employee.

Discount Retail Corporation Obtains an Insurance Policy That Provides Indemnity