The manager for the corner grocery stores is concerned about the numerous slips
ID: 442894 • Letter: T
Question
The manager for the corner grocery stores is concerned about the numerous slips and falls by visitors to her many stores. Since these losses are small and very predictable, the manager should:
Purchase a premises liability insurance policy to indemnify the store for these certain losses
Use a hold-harmless agreement with visitors to the stores
Obtain a surety bond to protect the principals
Use a property lease to transfer the risk to the landlord
Retain the financing of these certain losses
Purchase a premises liability insurance policy to indemnify the store for these certain losses
Use a hold-harmless agreement with visitors to the stores
Obtain a surety bond to protect the principals
Use a property lease to transfer the risk to the landlord
Retain the financing of these certain losses
Explanation / Answer
first option is correct. the remaining are not suitable for this situation. so, option 1 is correct
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