Which of the Following Types of Insurance Protects Members of Specific

question 11

Multiple Choice

Which of the following types of insurance protects members of specific professions from liability associated with their professional acts?

• A) Business liability
• B) Licensed
• C) Trained liability
• D) Professional liability
• E) Consumer

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Definitions:

Insurance Contracts

Agreements between an insurance provider and an individual or entity, outlining the terms for coverage against specified risks in exchange for premiums.

Clause Ambiguity

A situation where a provision in a contract or document can be interpreted in more than one way, leading to uncertainties or disputes.

Self-Governing

The ability of a community, organization, or group to exercise control and make decisions independently from external authorities.

Professional Bodies

Organizations representing the interests of individuals in specific professions, often responsible for regulation and standards.