Which of the following insurance types provide for a loss arising from fraudulent acts by employees?
A.
Business interruption
B.
Fidelity coverage
C.
Errors and omissions
D.
Extra expense
Explanation:
Fidelity insurance covers the loss arising from dishonest or fraudulent acts by employees. Business interruption
insurance covers the loss of profit due to the disruption in the operations of an organization. Errors and
omissions insurance provides legal liability protection in the event that the professional practitioner commits an
act that results in financial loss to a client. Extra expense insurance is designed to cover the extra costs of
continuing operations following a disaster/disruption within an organization.