Question

What does business insurance primarily provide coverage for?

a.

Protection for individuals against personal risks

b.

Compensation for employees in case of workplace accidents

c.

Benefits to a business entity, such as indemnifying for the loss of services of a key employee

d.

Financial assistance for individuals during unemployment

Posted under IC 92 Actuarial Aspects of Product Development

Answer: (c).Benefits to a business entity, such as indemnifying for the loss of services of a key employee Explanation:Business insurance primarily provides coverage of benefits to a business entity, such as indemnifying for the loss of services of a key employee or a partner who becomes disabled.

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