Question

business owners should consider which of the following main types of insurance to protect the business?
medical, dental, and life
general liability, professional liability, and workers compensation
flood, hurricane/tornado, and earthquake
auto, renters, and accidental
true or false: taxes are calculated based on the revenue of the business.
true
false

Explanation:

Business owners need insurance to protect against various business - related risks. General liability, professional liability, and workers compensation are key for business protection. General liability covers third - party claims, professional liability for errors in professional services, and workers compensation for employee work - related injuries. Taxes are calculated based on net income (revenue minus expenses) in most cases, not just revenue.

Answer:

1. B. General liability, professional liability, and workers compensation
2. False