Asked by taylor christy on Jun 08, 2024
Verified
Mr.White is a doctor and purchases insurance on him professionally making a mistake.This form of insurance is called:
A) real property insurance.
B) professional insurance (malpractice) .
C) personal property insurance.
D) insurance rider.
Professional Insurance
Insurance coverage aimed at professionals that protects them against potential claims made by their clients for errors, omissions, or negligence in the performance of their professional duties.
Malpractice
Professional misconduct or failure to adhere to the standards of the profession, resulting in harm or loss.
Real Property Insurance
Insurance coverage that protects real estate from risks such as fire, theft, and natural disasters.
- Understand the types of insurance and their purposes.
Verified Answer
Learning Objectives
- Understand the types of insurance and their purposes.
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