All of the following are types of insurance corporations must have EXCEPT
A) health and disability insurance for their employees.
B) life insurance for key executives.
C) property casualty and liability insurance for injuries to employees and others.
D) automobile insurance to ensure that their employees get to work safely.
E) directors and officers liability insurance to protect the board of directors from lawsuits.

Question

Quizplus · Accepted Answer

Corporations have their own unique risks, but they still need health and disability insurance for their employees and life insurance for key executives where the company is the beneficiary of the policy. Companies also need property casualty insurance and liability insurance for injuries to employees and others. One critical insurance policy is directors and officers (D&O) liability insurance to protect the board of directors from lawsuits. Without D&O insurance, companies would have a difficult time attracting qualified directors as few people would be willing to put their own wealth at risk in case of a lawsuit against the company and its directors.

All of the Following Are Types of Insurance Corporations Must