Final answer:
The subject of this question is Business, specifically related to insurance. The question is asking about the minimum requirements of errors and omissions insurance per claim.
Step-by-step explanation:
The subject of this question is Business. The question is related to insurance and specifically the minimum requirements of errors and omissions insurance.
Deductibles, copayments, and coinsurance are common terms used in insurance policies. A deductible is the maximum amount an insured person must pay out-of-pocket before the insurance company pays the rest of the bill. Copayments are flat fees that policyholders must pay before receiving services, while coinsurance requires the policyholder to pay a certain percentage of costs.
In the context of errors and omissions insurance, the question is asking about the minimum requirements for each claim, including the amount per claim, the deductible for damages, and the deductible for defense costs.