Which of the Following Types of Insurance Protects Contractors Against

question 64

Multiple Choice

Which of the following types of insurance protects contractors against liability for injuries that might occur while completing a job,excluding injuries to employees?

• A) Professional liability
• B) Compensation insurance
• C) Contractors' liability
• D) Building liability
• E) Harm liability

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Definitions:

Utility Schedule

A table that shows the level of satisfaction or utility that a consumer derives from consuming different quantities of a good or service.

Marginal Utility

The extra pleasure or benefit a consumer receives from having one additional unit of a product or service.

Pepsi

A global brand of carbonated soft drinks produced and manufactured by PepsiCo.

Marginal Utility

The extra pleasure or advantage gained by using an additional unit of a product or service.