Which of the Following Types of Legal Liability Coverage Is

question 28

Multiple Choice

Which of the following types of legal liability coverage is most likely to have a "long tail" problem, and thus be insured under a claims-made contract?

• A) Water craft liability
• B) Auto liability
• C) Contractual liability
• D) Products liability

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Definitions:

Easily Replaced Parts

Components in a product or system that are designed to be quickly and easily substituted when needed.

Critical Functions

Essential job duties that an employee must be able to perform, with or without reasonable accommodation.

Good Substitutes

Products or services that can be used in place of one another with minimal loss of utility or performance by the consumer.