In: Operations Management
Which insurance policy would most likely defend and/or indemnify a project Architect against a lawsuit filed by an Owner, wherein the Owner alleges that the project Architect negligently designed the project?
Group of answer choices
Professional Liability Policy
Builders’ Risk Insurance Policy
Workers Compensation Insurance Policy
Commercial General Liability Insurance Policy
The answer is " Professional Liability Policy".
Professional liability insurance policies is the insurance policy that covers all the legal liabilities that arise due to negligence, omissions, or errors of any professional when providing service that can cause damage to the property of third-party or injury to the third-party itself.