Is this a true statement? Risk of personal injury or property damage can happen, irrespective of...

Is this a true statement?

Risk of personal injury or property damage can happen, irrespective of the form of the business. Liability and other types of insurance could provide protection, if there are such claims.

Expert Solution

Yes, it is a true statement. The risk of property damage or personal injury exists in all kinds of business. General liability insurance and other insurance provide protection against such injuries and damages. Therefore, the given statement is true.

keosha answered 2 years ago

True or false 2. A person can acquire ownership of unowned personal property by taking possession...

True or false 2. A person can acquire ownership of unowned personal property by taking possession of it. 3. Sally dies without having made a will. Sally died testate. 4. For an order paper to be negotiated, there must be delivery and indorsement. 5. Able finds a leather jacket that had been abandoned by Baker. Able is now the owner of that jacket unless Baker comes back to claim it. 6. Jack and Jill are married and they are purchasing...

1)Personal Risk Assessment and Risk Management Techniques‒Evaluate your OR your family’s personal, property, and liability risks...

1)Personal Risk Assessment and Risk Management Techniques‒Evaluate your OR your family’s personal, property, and liability risks and explore options for managing those risks Requirements (Personal Risk Assessment) ‒Select TWO of the following three categories of risk on which to focus your evaluation 1.Automobile-related risks Discuss both physical damage and liability risks for injury and property damage 2.Homeowner and/or Renter-related risks Discuss both property and liability risks for injury and property damage 3.Life and health-related risks ‒Include these 3 sections (at...

Fund life & health insurance Explain carefully why this statement is true. Risk capital can assume...

Fund life & health insurance Explain carefully why this statement is true. Risk capital can assume more risk than the reserve capital.

Which of the following statement regarding interest rate risk is true? A. Interest rate risk is...

Which of the following statement regarding interest rate risk is true? A. Interest rate risk is a positive relationship between bond price and interest rate. B. The longer the maturity, the lower the interest rate risk. C. The higher the coupon rate, the higher the interest rate risk. D. The higher the coupon rate, the lower the interest rate risk

RIsk Managment and Insurance Scott has his home and personal property insured under an unendorsed Homeowners...

RIsk Managment and Insurance Scott has his home and personal property insured under an unendorsed Homeowners 3 (Special Form) policy. Indicate whether each of the following losses is covered. (Assume the policy has no deductible.) If the loss is not covered, explain why it is not. 1. The carpet was heavily damaged when Scott left the bath tub running while he answered the telephone. 2. The home is located approximately one block from the Federal Court House and is damaged...

Explain the various ways that personal property can be acquired by means other than purchase.

Answer the following true & false questions: The count property can be used to determine the...

Answer the following true & false questions: The count property can be used to determine the number of elements contained in an array. True False The Navigator object is commonly used to determine which type of Web browser is running. True False Since a browser window never displays more than one document object at one time, you can shorten references to objects contained within a document by omitting the word window from the object path. True False The setInterval( )...

A positive statement is: a) based upon what can be demonstrated to be true. b) can...

A positive statement is: a) based upon what can be demonstrated to be true. b) can be shown to be correct or incorrect. c) a value judgement.

Which of the following is true? A. A stock’s systematic risk can be diversified away by...

Which of the following is true? A. A stock’s systematic risk can be diversified away by adding it to a portfolio. B. Investors should not be compensated for bearing nondiversifiable risk. C. Beta is a measure of the nonsystematic risk of an asset. D. None of the answers are correct.

which statement is true regarding diversification a. The greater systematic risk, the greater return should be...

which statement is true regarding diversification a. The greater systematic risk, the greater return should be required b. systematic risk is diversifiable c. portfolio diversification address systematic risk d. none of the above

Question