Which of the Following Is an Accurate Statement About Liability

question 33

Multiple Choice

Which of the following is an accurate statement about liability insurance policies?

• A)They cover bodily injury or property damage that result from the insured's business or professional pursuits.
• B)They typically provide the insured with coverage for punitive damages liability he may face.
• C)They typically do not provide the insured with coverage for the consequences stemming from his negligent acts.
• D)They may be used by the insured as a way of transferring risks associated with certain tort liability he may face.

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Definitions:

Leadership Strategy

A plan or approach implemented by leaders to motivate, influence, and guide their team or organization towards the achievement of set goals.

Corporate Strategies

The comprehensive plans and actions that a company undertakes to achieve its long-term goals and objectives.

Intended Strategies

These are strategies that an organization plans and decides to implement in order to achieve specific goals or objectives.

Organizational Planning

The process of setting goals and defining the steps needed to achieve them within an organization.