Board members of public corporations can be liable for their actions that may result in the loss in value of the retailer's stock.To cover this potential loss,retailers typically provide them with ________ insurance.
A) property damage
B) directors' and officers' liability
C) public liability
D) workers' compensation

Question

Quizplus · Accepted Answer

Directors' and officers' liability insurance specifically covers the liability and financial consequences of the board members' actions, including potential losses in the stock value. Property damage, public liability, and workers' compensation insurance do not cover this type of risk.

Board Members of Public Corporations Can Be Liable for Their