Which of the Following Types of Insurance Protects Members of Specific

question 11

Multiple Choice

Which of the following types of insurance protects members of specific professions from liability associated with their professional acts?

• A) Business liability
• B) Licensed
• C) Trained liability
• D) Professional liability
• E) Consumer

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Definitions:

Sold

The finalization of a deal in which products or services are traded for money.

Sales Commissions

Payments made to sales employees or agents as a percentage of the sales they generate, serving as an incentive for higher sales performance.

Sales Volume

The quantity of units sold within a specific period, often used to measure a company's activity level or performance.

Units

A measurement for quantifying or expressing the amount of a product, service, or resource, used for purchasing, production, or accounting purposes.