Prev Question
Next Question

Which of the following insurance types provide for a loss arising from fraudulent acts by employees?

A.
Business interruption

B.
Fidelity coverage

C.
Errors and omissions

D.
Extra expense

Explanation:
Fidelity insurance covers the loss arising from dishonest or fraudulent acts by employees. Business
interruption insurance covers the loss of profit due to the disruption in the operations of an
organization. Errors and omissions insurance provides legal liability protection in the event that the
professional practitioner commits an act that results in financial loss to a client. Extra expense
insurance is designed to cover the extra costs of continuing operations following a
disaster/disruption within an organization.

Prev Question
Next Question
Tagged:

Leave a Reply

Your email address will not be published. Required fields are marked *