Multiple choice general knowledge

Identify the risk which includes the economic loss resulting from your being held responsible for harming others or their properties.

  1. Liability Risk

  2. Property Damaged Risks

  3. Speculative Risk

  4. Personal Risk

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Liability risk is the risk of financial loss resulting from being held legally responsible for injuring others or damaging their property. This is a core risk type that liability insurance is designed to protect against.