1. Which one of the following best describes protection and indemnity (P&I) insurance?

1. A marine insurance that means bodily injury and property damage liability coverage.

2. Physical damage insurance on a boat, including its sales, machinery, and equipment.

3. A stronger promise than a contract agreement.

4. Required benefits to marine employees.

2. The personal umbrella policy covers the insured's liability for personal injury. Under a typical personal umbrella policy, the definition of personal injury liability includes which one of the following:

1. Assault and battery intentionally committed.

2. False arrest.

3. Property damage to property of others.

4. Abandonment.