Which of the Following Statements Is True Regarding Covered Losses

question 7

Multiple Choice

Which of the following statements is true regarding covered losses under the commercial crime coverage form?

• A) Theft committed by business partners of the named insured is covered.
• B) Money surrendered as a result of an extortion threat is covered.
• C) A loss that results from disclosure of confidential business information, such as a patent to trade secret, is covered.
• D) Liability associated with data security breaches is excluded.

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Definitions:

Industrialists

Individuals or groups involved in the ownership and management of industries, often characterized by significant innovations, manufacturing processes, and the exploitation of labor.

Joseph Wright of Derby

An 18th-century English painter, known for his use of light and shadow, and for pioneering subjects in science, industry, and literature within his works.

Enlightenment

A philosophical movement in 17th and 18th century Europe emphasizing reason, individualism, and skepticism towards traditional doctrines.

Scientific Revolution

The period of major transformation in scientific thought and method that took place in Europe during the 16th and 17th centuries, leading to advances in physics, astronomy, biology, and chemistry.