Professional Liability Insurance

Question 1

This is designed for those who may be liable for certain losses as a result of an error or omission in the administration of an employee benefit plan subject to ERISA regulation

Answer 1

Fiduciary Liability insurance

Question 2

This is designed for business that sell, serve, distribute, manufacture, or furnish alcoholic beverages to cover their liability for losses resulting from alcoholic beverages

Answer 2

Dram Shop Liability insurance

Question 3

This is designed for professionals, such as insurance agents and attorneys, who may cause financial harm to clients as a result of negligent acts or omissions

Answer 3

Errors and Omissions insurance

Question 4

This is designed for medical professions whose negligent acts or omissions may harm patients

Answer 4

Medical Malpractice insurance

Question 5

This is designed to protect an business’ liability regarding wrongful acts against former, current, and potential workers

Answer 5

Employment Practices Liability insurance

Question 6

This is designed to protect individuals working in upper management positions in the event they are liable for losses due to wrongful acts performed in their capacity as upper management workers

Answer 6

Directors and Officers Liability insurance

Question 7

which provides liability insurance for the business’ premises, operations, products, and completed operations, among other exposures

Answer 7

CGL: Commercial General Libability

Question 8

which provides liability insurance for the business in the event an employee sues the business for injuries that fall outside Workers’ Compensation statute

Answer 8

Employers Liability

Question 9

for exposures pertaining to vehicles owned, used, leased, or hired by the business

Answer 9

Commercial Auto Liability

Question 10

which only applies to insureds who are in the business of manufacturing, distributing, selling, serving, or furnishing alcoholic beverages and are subject to liquor laws

Answer 10

Liquor Liability