Which of the following is an adequate definition of liability insurance?

Question

Quizplus · Accepted Answer

Liability insurance protects against liabilities relating to business operations of firms, such as bodily injury or property damage that may occur on the business premises or as a result of the products or services provided by the company. It does not typically cover theft or damage of vehicles, and it is not the same as home-owners' multiple peril insurance, which covers perils related to the home such as fire or weather damage. Therefore, option A and B are incorrect. Option D is partially correct, but it only covers one aspect of liability insurance and is therefore not the best choice.

Which of the Following Is an Adequate Definition of Liability