No 4 1.2 Liability Insurance Quiz

The term 'liability' in liability insurance refers to:

• Financial gain

• Legal responsibility

• Health benefits

• Property ownership

What type of costs are covered by Liability Insurance?

• Legal Costs

• Travel Costs

• Housing Costs

• Education Costs

Liability Insurance helps cover which of the following?

• Lost Income

• New Car Purchase

• Holiday Expenses

• Gym Membership

What type of insurance covers lost income?

• Liability Insurance

• Travel Insurance

• Home Insurance

• Car Insurance

Which of the following is NOT a benefit of Liability Insurance?

• Compensation

• Lost Income

• Legal Costs

• Free Travel

If your business does not have a physical premises, what type of insurance might you still need?

• Health insurance

• Public liability insurance

• Life insurance

• Property insurance

What is the main purpose of public liability insurance?

• To cover employee health expenses.

• To protect against damages to public property.

• To cover potential damages to clients' property.

• To increase business revenue.

Is there a legal penalty for not having public liability insurance?

• Yes, always

• No, never

• Only in certain cases

• Only for large businesses

Which of the following is NOT mentioned as a starting value for public liability cover?

• £1 million

• £2 million

• £5 million

• £15 million

What is the minimum amount of public liability cover required by the associations mentioned?

• £1 million

• £2 million

• £3 million

• £4 million