Asked by Demario Green on Jul 24, 2024
Verified
Describe three different types of insurance that a business person might obtain in relationship to his business.
Business Insurance
Coverage that provides protection against risks faced by a business, including property damage, liability, and loss of income.
Types of Insurance
Various categories of insurance coverage, including life, health, auto, and property, designed to protect against financial losses.
Business Person
An individual who engages in activities related to the purchase, sale, or exchange of goods or services with the intent of generating profit.
- Recognize the distinctions among various insurance forms and their significance.
Verified Answer
KO
Kingsley OgarashiJul 28, 2024
Final Answer :
Property insurance, business interruption insurance, life insurance (for key personnel), health insurance with respect to the personnel involved, and liability insurance.
Learning Objectives
- Recognize the distinctions among various insurance forms and their significance.