These damages or monetary liability awards are not specifically quantifiable but require compensation all the same. Examples of these damages include pain and suffering, mental anguish, and loss of consortium. Identify these monetary liability awards. Special damages Punitive damages Economic damages Proximate damages E) Noneconomic damages Which of the following is a contractual provision that transfers financial responsibility for liability from one party to another? B Assumption of risk agreement Hold-harmless agreement Last clear chance agreement Res ipsa loquitur agreement (E) Comparative negligence agreement An employer is held liable for an injury caused by an employee using his or her own property when acting on the employer's behalf. Identify this liability. A Professional liability B Premises liability E Operations liability Contingent liability Nonownership liability The insurance protection for professional liability risk is: Nonownership liability coverage B Employee practices liability coverage (C) Directors and officers liability coverage (D) Errors and omissions liability coverage (E) Employee benefits liability coverage