Question

Toby is the proprietor a start up business. He wants both property and general liability insurance. Which insurance combines both these insurances?
A.
lawsuit insurance
B.
business interruption insurance
C.
business owners’ policy
D.
property insurance only
E.
general liability insurance only

Answer 1

Answer

E.General liability insurance only

Explanations

This cover helps to settle costs of liability claims made against the business for third party personal injury, third party property damage and advertising injury.

It covers costs related to property damage claims against your business.It includes expenses to settle claims by third party that your business has caused injury.Other costs covered by the insurance are attorney fees related to settling cover claims,administrative costs and court fees.

Answer 2

The answer is C. business owners’ policy.

A business owner’s insurance policy offers the combined benefits of a general liability and property insurance. Business owners can buy it at a cost much lower than what they’d have to pay to buy two separate policies.

Hope this helps! :)