Which of the following statements about Liability risks is/are true?

Question

Question: Which of the following statements about Liability risks is/are true?

I - Future income and assets can be attached to pay judgments if inadequate insurance is carried
II - There is an upper limit on the amount of loss

Options:

1.  I  only
2.  II only
3.  Both I and II
4.  Neither I  nor II

Answer 1

1. I  only

The statement 'Future income and assets can be attached to pay judgments if inadequate insurance is carried' about Liability risks is true.