Question: Liability insurance is an important risk management tool because: It helps a business communicate company policies. It protects a business from significant financial loss in

  1. Liability insurance is an important risk management tool because:

    It helps a business communicate company policies.

    It protects a business from significant financial loss in case of a lawsuit.

    It helps ensure that staff understands all safety procedures.

    It allows management to determine whether employees are complying with workplace standards.

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