A project organization can mitigate the risk of financial loss from the possible on-the-job injury of one of its project workers through

Question

BlackTom AI · Accepted Answer

Question restatement: A project organization can mitigate the risk of financial loss from the possible on-the-job injury of one of its project workers through

Option 1: Liability insurance
- This category of coverage is designed to protect the organization from financial losses arising from legal claims due to injuries or damages for which the company may be held responsible. While workplace injuries to employees are often covered by workers' compensation, liability insurance can mitigate costs associated with claims that exceed or fall outside workers' comp, such as legal defense or settlement costs if a third party is involved or if a specific liability exposure arises. In practice, it reduces the financial impact of certain injury-related claims arising from business operations.

Option 2: Hazard insurance
- Hazard or property insurance typically covers physical damage to property from perils like fire, theft, or natural disasters. It does not directly address financial losses from injuries to workers, so its relevance to on-the-job injuries is limited and indirect.

Option 3: Hospital emergency assurance
- This term is not a standard insurance product in common risk-management practice. It does not represent a recognized mechanism to allocate risk for employee injuries and would not be expected to provide formal financial protection.

Option 4: Key personnel insurance
- This coverage protects a firm against the financial impact if a key employee dies or becomes unable to work. It is aimed at preserving business continuity related to critical staff, not specifically at covering injuries to workers’ on-the-job incidents.

Summary perspective: Among the given options, liability insurance most closely aligns with reducing financial exposure stemming from injuries or the liabilities resulting from such incidents, compared with the other listed coverages that address property, undefined hospital coverage, or loss of key personnel rather than worker injuries.

A project organization can mitigate the risk of financial loss from the possible on-the-job injury of one of its project workers through 单项选择题

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