Respuesta :
The types of insurance that need to be taken by Javier concerning the installation and maintenance of elevators are as follows:
- General liability insurance
- Professional liability insurance
- Worker's compensation insurance
- Commercial property insurance
What is insurance?
Insurance is an agreement where the insurance company provides protection to the insured person in respect of the said event as written in the agreement.
The insurance policies to be taken by Javier in respect of its elevator business are as follows:
- General liability insurance: It provides indemnification from the specified risks like injuries, damage to any property, medical bills, etc.
- Professional liability insurance: It provides indemnification amounts to professionals who are good at installing and maintaining elevators.
- Worker's compensation insurance: It gives insurance cover in the form of payments of medical bills, lost wages, disability benefits, etc. to the employees in an injury or illness suffered at the workplace.
- Commercial property insurance: It provides insurance cover for all the goods or property needed to start the elevator business in case of theft, fire, or any natural calamity.
Therefore, the insurance covers relating to General liability, workers' compensation, professional liability, and commercial property have to be taken by Javier before starting the business.
Learn more about the insurance in the related link:
https://brainly.com/question/989103
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