Another Term for Liability Coverage That Protects You from Claims

question 44

Multiple Choice

Another term for liability coverage that protects you from claims if a client holds you responsible for errors or you fail to perform as promised is:

• A)umbrella policy.
• B)personal property floater.
• C)errors and omissions.
• D)endorsement.
• E)self-insurance.

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Definitions:

Brand Name

The distinctive title by which a product, service, or company is known, often protected as a trademark.

Common Usage

The typical or widespread use of a term, language, or practice within a community or society.

Legally Protectable

pertains to intellectual property, ideas, or creations that can be legally safeguarded against unauthorized use or infringement.

Category Advisor

Vendor that is designated by the business customer as the major supplier to assume responsibility for dealing with all the other vendors for a project and presenting the entire package to the business buyer.