Maurice is looking into insurance for his hardware store. What type of insurance can offer protection and keep his business safe from claims of wrongdoing?
A. Exchange of Value
B. Professional
C. General liability
D. Small business
C. General liability
The type of insurance that can offer protection and keep Maurice's hardware store safe from claims of wrongdoing is C. General liability insurance.
To determine the type of insurance that can offer protection and keep Maurice's hardware store safe from claims of wrongdoing, we can review the options provided.
A. Exchange of Value: This term does not directly relate to insurance or protection against claims of wrongdoing. It is not the correct choice.
B. Professional: Professional insurance typically protects professionals, such as doctors or lawyers, from claims of professional negligence or malpractice. Since Maurice owns a hardware store, this type of insurance may not be directly applicable. It is not the best choice.
C. General Liability: General liability insurance is designed to protect businesses from claims of property damage, bodily injury, or personal injury occurring on their premises or due to their operations. This coverage can be helpful in safeguarding Maurice's hardware store from claims of wrongdoing. General liability insurance covers a wide range of scenarios, including slips and falls, property damage, and false advertising claims. It is a good choice for general protection.
D. Small Business: Small business insurance is a broad term encompassing various coverages depending on the particular needs of the business. It can include general liability insurance, property insurance, business interruption insurance, and more. While small business insurance is a broad category that can offer protection, it is not a specific type of insurance that directly addresses claims of wrongdoing. Therefore, it may not be the best choice in this context.
Based on the options provided, the best choice for Maurice to protect his hardware store from claims of wrongdoing would be C. General liability insurance. This type of insurance can provide coverage for a range of potential claims, offering peace of mind and safeguarding Maurice's business.