To cover the costs that result if some aspect of the business causes harm to a third party or someone else's property,a firm would purchase:
A)business interruption insurance.
B)property insurance.
C)business liability insurance.
D)key personnel insurance.
E)damage insurance.

Question

Quizplus · Accepted Answer

Business liability insurance would cover costs resulting from harm caused to a third party or their property. Business interruption insurance covers loss of income if a business is unable to operate due to a covered event, property insurance covers damage to the insured property, key personnel insurance covers loss of income if a key employee is unable to work, and damage insurance is not a commonly used insurance term.

To Cover the Costs That Result If Some Aspect of the Business