Liability policies, such as personal liability, professional malpractice, or business liability insurance, do NOT protect the insured against
A) a personal injury on the insured's property, such as the mail carrier who slips and falls on the owner's sidewalk
B) intentional harm caused by the insured.
C) claims for property damaged by the insured.
D) someone injured by the insured away from home or business.
B
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Some firms might delay new product launch until after the competitor has borne the cost of educating the market and its product may reveal flaws the late entrant can avoid. This can be classified as a parallel entry
Indicate whether the statement is true or false
Which of the following expenses incurred by the sporting goods department of a department store is a direct expense?
A) Depreciation expense--office equipment B) Insurance on inventory of sporting goods C) Uncollectible accounts expense D) Office salaries
The options embedded in a bond contract all make the bond yield lower.
a. true b. false
Without wholesalers and other intermediaries,
A. most products would be much less expensive because fewer companies would be handling the product. B. products would be cheaper because the functions of intermediaries would be eliminated. C. products would likely be more expensive due to the use of less efficient channel members. D. products would never be able to make it to the ultimate consumer at any price without passing through intermediaries. E. many products would be more expensive because retailers would expect more profit.