Question: 1. Explain how purchasing an umbrella liability insurance policy applies the large-loss principle. 2. Are you preparing for a professional career that might expose you

1. Explain how purchasing an umbrella liability insurance policy applies the large-loss principle.

2. Are you preparing for a professional career that might expose you to liability losses? How might you protect yourself from such losses?

3. Give two examples of someone who might want to purchase a floater insurance policy.

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