Answer (D) is correct . Liability insurance provides an organization with financial protection against damage caused to consumers by faulty products or injury to persons suffered on the organization’s premises.
Answer (A) is incorrect because Hazard insurance is the same as homeowner’s or automobile driver’s insurance. It protects the organization against damage caused to its facilities by accident or natural disaster.
Answer (B) is incorrect because Workers’ compensation insurance benefits the injured worker, not the organization.
Answer (C) is incorrect because Key employee insurance benefits the organization only in case of the death of a critical member of upper management.
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