Best Products Corporation obtains an insurance policy that provides in?demnity against losses in trade or losses caused by the dis?honesty of em?ployees,the insolvency of debtors,or breaches of contract. This is

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The insurance policy described is fidelity or guaranty insurance, which provides protection against losses resulting from the dishonesty or fraudulent acts of employees or third parties, as well as losses due to insolvency of debtors or breaches of contract. Casualty insurance covers losses resulting from accidents or unexpected events, liability insurance covers losses resulting from legal liabilities, and key-person insurance provides protection for the business in the event of the loss of a key employee.

Best Products Corporation Obtains an Insurance Policy That Provides In?demnity