To insure their assets against hazards such as fire,storm damage,vandalism,earthquakes,and other natural and environmental risks,firms commonly purchase:
A)key personnel insurance.
B)business liability insurance.
C)business interruption insurance.
D)property insurance.

Question

Quizplus · Accepted Answer

The correct choice for insuring against hazards such as fire, storm damage, vandalism, earthquakes, and other natural and environmental risks is property insurance. This type of insurance protects a firm's physical assets, including buildings, equipment, and inventory, against damage or loss. Other types of insurance, such as key personnel insurance, business liability insurance, and business interruption insurance, do not provide coverage for these types of hazards.

To Insure Their Assets Against Hazards Such as Fire,storm Damage,vandalism,earthquakes,and