Salvage Yard obtains an insurance policy to protect against losses incurred by the firm as a result of being held liable for personal injuries or property damage sustained by others. This is

Question

Quizplus · Accepted Answer

Casualty insurance is designed to protect against losses from accidents, theft, or other liabilities, including liability for personal injuries or property damage sustained by others, which matches the scenario described.

Salvage Yard Obtains an Insurance Policy to Protect Against Losses