Which of the following is true about product liability insurance?
A)Start-up companies can always meet the insurance company's requirements for product liability insurance.
B)Start-up companies often have difficulty obtaining product liability insurance.
C)A company's annual sales is not relevant in obtaining product liability insurance.
D)Insurance premiums for start-up companies are low.
E)The purpose of the product is not relevant in obtaining product liability insurance.

Question

Quizplus · Accepted Answer

A)Start-up companies often have difficulty obtaining product liability insurance
because they frequently cannot meet the insurance company's requirements,such as sales totaling a certain amount per year.
B)Start-up companies often have difficulty obtaining product liability insurance because they frequently cannot meet the insurance company's requirements,such as sales totaling a certain amount per year.
C)Start-up companies often have difficulty obtaining product liability insurance because they frequently cannot meet the insurance company's requirements,such as sales totaling a certain amount per year.
D)Start-up companies often have difficulty obtaining product liability insurance because they frequently cannot meet the insurance company's requirements,such as sales totaling a certain amount per year.
E)Start-up companies often have difficulty obtaining product liability insurance because they frequently cannot meet the insurance company's requirements,such as sales totaling a certain amount per year.

Which of the Following Is True About Product Liability Insurance