This ISO's liability program, available to all ISO-participating insurance companies, was filed with state insurance regulators for approval effective April 1, 1998.It was the newest line introduced in more than twenty years.Because of an increase in the number of lawsuits filed for sexual harassment and similar liability suits, the coverage became imperative to most businesses.Identify this insurance coverage.
A)Employment practices liability program
B)Capital asset liability program
C)Professional liability program
D)Inland marine liability program
E)Business owners liability policy

Question

Quizplus · Accepted Answer

The correct answer is Employment practices liability program, as it specifically addresses the increase in lawsuits related to employment practices such as sexual harassment, which is mentioned in the context.

This ISO's Liability Program, Available to All ISO-Participating Insurance Companies