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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