Omega Inc purchased a liability insurance policy from WorldWide Insurance Ltd. Which of the following statements may be TRUE?
A) The insurance policy may protect World Wide from liability in tort.
B) A liability insurance policy is important only if and when a person is held liable by a court.
C) Despite issuing the liability insurance policy, WorldWide may not be required to pay damages on behalf of Omega if Omega acted in a way that was not only tortious, but also deliberate and intentional.
D) The insurance policy will protect Omega only if Omega has a contract with at least one other party.
E) Omega probably purchased liability insurance because it was worried that it might not be able to collect full damages if it was hurt by a tortfeasor.
Correct Answer:
Verified
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