C.24 Business owner insurance solutions

Question 1

Which of the following is a type of business owner insurance that provides protection against lawsuits and claims made against the business?

A. Business interruption insurance
B. Key person insurance
C. Liability insurance
D. Buy-sell agreement insurance

Answer 1

C. Liability insurance

C.24 Business owner insurance solutions

Question 2

Which of the following is a type of business owner insurance that provides coverage for property damage or loss caused by events such as fire, theft, or natural disasters?

A. Business interruption insurance
B. Property insurance
C. Liability insurance
D. Buy-sell agreement insurance

Answer 2

B. Property insurance

C.24 Business owner insurance solutions

Question 3

Which of the following is a type of business owner insurance that provides coverage for lost income and operating expenses when a business is unable to operate due to a covered event?

A. Business interruption insurance
B. Key person insurance
C. Liability insurance
D. Buy-sell agreement insurance

Answer 3

A. Business interruption insurance

C.24 Business owner insurance solutions

Question 4

Which of the following is a type of business owner insurance that provides protection for a business in the event of the death or disability of a key employee?

A. Business interruption insurance
B. Key person insurance
C. Liability insurance
D. Buy-sell agreement insurance

Answer 4

B. Key person insurance

C.24 Business owner insurance solutions

Question 5

Which of the following is a type of business owner insurance that provides protection for a business in the event of the death or disability of a business owner?

A. Business interruption insurance
B. Key person insurance
C. Liability insurance
D. Buy-sell agreement insurance

Answer 5

D. Buy-sell agreement insurance

C.24 Business owner insurance solutions

Question 6

Which of the following is a type of business owner insurance that provides coverage for medical expenses and lost wages for employees who are injured on the job?

A. Business interruption insurance
B. Property insurance
C. Workers’ compensation insurance
D. Buy-sell agreement insurance

Answer 6

C. Workers’ compensation insurance

C.24 Business owner insurance solutions

Question 7

Which of the following is a type of business owner insurance that provides coverage for expenses related to data breaches and cyber attacks?

A. Business interruption insurance
B. Cyber liability insurance
C. Liability insurance
D. Buy-sell agreement insurance

Answer 7

B. Cyber liability insurance

C.24 Business owner insurance solutions

Question 8

Which of the following is a type of business owner insurance that provides protection against claims of errors or omissions made by a business or its employees?

A. Professional liability insurance
B. Property insurance
C. Liability insurance
D. Buy-sell agreement insurance

Answer 8

A. Professional liability insurance

C.24 Business owner insurance solutions

Question 9

Which of the following is a type of business owner insurance that provides protection for a business in the event of a lawsuit or claim made against it?

A. Business interruption insurance
B. Property insurance
C. Liability insurance
D. Buy-sell agreement insurance

Answer 9

C. Liability insurance

C.24 Business owner insurance solutions

Question 10

Which of the following is a type of business owner insurance that provides coverage for losses resulting from employee dishonesty or theft?

A. Fidelity bonds
B. Property insurance
C. Liability insurance
D. Buy-sell agreement insurance

Answer 10

A. Fidelity bonds

C.24 Business owner insurance solutions

Question 11

Which of the following is a type of business owner insurance that provides coverage for losses resulting from the interruption of business due to an event beyond the business’s control?

A. Business interruption insurance
B. Property insurance
C. Liability insurance
D. Buy-sell agreement insurance

Answer 11

A. Business interruption insurance

C.24 Business owner insurance solutions

Question 12

Which of the following is a type of business owner insurance that provides protection for a business in the event of the death of a co-owner?

A. Business interruption insurance
B. Key person insurance
C. Liability insurance
D. Buy-sell agreement insurance

Answer 12

D. Buy-sell agreement insurance

C.24 Business owner insurance solutions

Question 13

Which of the following is a type of business owner insurance that provides coverage for losses resulting from a breach of contract?

A. Fidelity bonds
B. Property insurance
C. Liability insurance
D. Errors and omissions insurance

Answer 13

D. Errors and omissions insurance

C.24 Business owner insurance solutions

Question 14

Which of the following is a type of business owner insurance that provides protection for a business in the event of a data breach or cyber attack that results in the loss of sensitive data?

A. Cyber liability insurance
B. Fidelity bonds
C. Liability insurance
D. Key person insurance

Answer 14

A. Cyber liability insurance

C.24 Business owner insurance solutions

Question 15

Which of the following is a type of business owner insurance that provides coverage for losses resulting from employee injury or illness that is not covered by workers’ compensation insurance?

A. Disability insurance
B. Property insurance
C. Liability insurance
D. Business overhead expense insurance

Answer 15

A. Disability insurance

C.24 Business owner insurance solutions

Question 16

John owns a small business with several employees. One of his employees was injured on the job and is unable to work for several months. Which of the following types of insurance would provide coverage for the employee’s lost wages during this time?

A. Business overhead expense insurance
B. Workers’ compensation insurance
C. Disability insurance
D. Cyber liability insurance

Answer 16

B. Workers’ compensation insurance

C.24 Business owner insurance solutions

Question 17

Sarah and Tom are co-owners of a small business. If Sarah were to pass away, Tom wants to ensure that he can buy out Sarah’s share of the business without incurring significant debt. Which of the following types of insurance would provide this protection?

A. Disability insurance
B. Key person insurance
C. Buy-sell agreement insurance
D. Fidelity bonds

Answer 17

C. Buy-sell agreement insurance

C.24 Business owner insurance solutions

Question 18

Lisa owns a small business and is concerned about the risk of a data breach or cyber attack. She wants to ensure that her business is protected if such an event were to occur. Which of the following types of insurance would provide this protection?

A. Fidelity bonds
B. Liability insurance
C. Cyber liability insurance
D. Property insurance

Answer 18

C. Cyber liability insurance

C.24 Business owner insurance solutions

Question 19

David owns a construction company and is worried about the risk of a lawsuit if one of his employees were to cause property damage or bodily injury while on the job. Which of the following types of insurance would provide this protection?

A. Business overhead expense insurance
B. Liability insurance
C. Disability insurance
D. Workers’ compensation insurance

Answer 19

B. Liability insurance

C.24 Business owner insurance solutions

Question 20

James owns a small business and is concerned about the risk of a fire or other damage to his property. Which of the following types of insurance would provide coverage for this risk?

A. Workers’ compensation insurance
B. Disability insurance
C. Property insurance
D. Cyber liability insurance

Answer 20

C. Property insurance

C.24 Business owner insurance solutions