DC Business Insurance 1

Question 1

What does 'Commercial General Liability' (CGL) insurance cover for DC businesses?

Accepted Answer

Third-party bodily injury and property damage arising from the business's operations, products, or premises

Answer

Physical damage to the business's own property

Answer

Employee injuries in the workplace

Answer

Professional errors and omissions by the business

Question 2

Which DC business insurance covers employee dishonesty and theft of company property by employees?

Accepted Answer

Crime insurance / employee dishonesty bond

Answer

Commercial general liability

Answer

Directors and officers (D&O) liability

Answer

Employment practices liability (EPLI)

Question 3

What insurance covers a DC law firm for claims arising from its attorneys' professional negligence?

Accepted Answer

Errors and omissions (E&O) / professional liability insurance

Answer

Commercial general liability

Answer

Directors and officers (D&O) liability

Answer

Business income insurance

Question 4

Which coverage would a DC tech startup need to cover data breaches and cyber attacks?

Accepted Answer

Cyber liability insurance

Answer

Commercial property insurance

Answer

Employment practices liability

Answer

Commercial general liability

Question 5

A DC restaurant is sued because a customer became ill from a contaminated meal. Which section of the CGL policy would respond?

Accepted Answer

Products and completed operations liability

Answer

Premises and operations liability

Answer

Personal and advertising injury liability

Answer

Medical payments coverage

Question 6

What is Directors and Officers (D&O) liability insurance designed to cover for a DC non-profit organization?

Accepted Answer

Claims against directors and officers for alleged wrongful acts in their management capacity

Answer

Physical damage to the organization's property from a director's negligence

Answer

Workers' compensation claims by employees reporting to a director

Answer

Employee theft orchestrated by board members