Registered Insurance Brokers of Ontario (RIBO) Practice Exam

The correct answer is Commercial General Liability Insurance. This type of insurance is designed to protect businesses against claims arising from accidents and injuries that occur on their premises or as a result of their operations. In the scenario where a sign falls and injures a client, this insurance would cover the contractor responsible for the sign against liability for the injury caused. Commercial General Liability Insurance typically encompasses claims related to bodily injury, property damage, and personal injury, making it the most suitable option for protection in situations like this. The other types of insurance mentioned do not offer the same level of relevant coverage. Professional Liability Insurance generally covers claims related to errors or omissions in the provision of professional services, not accidents involving physical injuries resulting from operations like signage installation. General Property Insurance primarily protects tangible assets rather than liability claims. Business Interruption Insurance focuses on loss of income due to a disruption in business operations, which does not apply in this case of injury.