Liability stemming from activities of the firm in installing equipment or doing other jobs for hire off its own premises is called:
A)professional liability.
B)premises liability.
C)completed operations liability.
D)contingent liability.
E)nonownership liability.

Question

Quizplus · Accepted Answer

Completed operations liability covers a business against claims or lawsuits that arise from work that has been completed offsite or on a client's premises. This type of liability is relevant for businesses that install equipment, perform repairs, or provide services outside their own premises.

Liability Stemming from Activities of the Firm in Installing Equipment