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
Exchange a value
Professional
General liability
Or
Small business
ABC or D
The correct answer is B) General liability insurance. General liability insurance provides protection for a business against claims of property damage, bodily injury, and personal injury that may arise from its operations. This type of insurance helps protect the business from claims of wrongdoing or negligence.
The type of insurance that can offer protection and keep Maurice's hardware store safe from claims of wrongdoing is General Liability insurance. This type of insurance provides coverage for claims related to bodily injury, property damage, and personal injury occurring on the business premises or as a result of the business operations. It can also protect against claims of false advertising, slander, or copyright infringement. Therefore, the correct option is B) 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 should consider the options presented: professional insurance, general liability insurance, or small business insurance.
1. Professional Insurance: This type of insurance, also known as Errors and Omissions (E&O) insurance, is generally suitable for businesses that offer professional services and advice. It provides coverage for claims arising from professional negligence, errors, or mistakes made in the course of business. However, since Maurice owns a hardware store, it is unlikely that professional insurance is the most suitable option.
2. General Liability Insurance: General liability insurance is designed to protect businesses from claims of property damage, bodily injury, or personal injury caused by their operations, products, or services. This type of insurance typically covers legal costs and damages resulting from these claims. It is a broad form of coverage that could be suitable for Maurice's hardware store in case of accidents, injuries, or property damage caused by his business operations.
3. Small Business Insurance: Small business insurance is a comprehensive insurance package specifically tailored for small businesses. It typically includes general liability coverage, property coverage (for physical assets such as buildings, inventory, and equipment), and coverage for business interruption, among other things. This type of insurance aims to provide a broad range of protection for small businesses like Maurice's hardware store.
Considering the options provided, the most appropriate choice to protect Maurice's hardware store from claims of wrongdoing would likely be "general liability" insurance (option B). This coverage should address potential claims related to accidents, injuries, or property damage caused by Maurice's business operations.