What is a key requirement for a firm regarding insurance?

The key requirement for a firm regarding insurance is that liability insurance must indeed include coverage for products sold. This coverage is crucial because it protects the business against claims of injury or damage that occur as a result of using its products. If a product causes harm or damage, the firm needs to have the appropriate liability insurance to handle potential lawsuits or claims that may arise. This requirement helps to mitigate financial risks associated with the production and distribution of products, ensuring that the firm is adequately protected.

In contrast, focusing on coverage for natural disasters or limiting general liability to completed work does not comprehensively address the specific risks associated with product liability. Moreover, the option that suggests insurance can be any type of policy overlooks the necessity for targeted coverage relevant to the specific operations of the business, such as products sold. Properly structured liability insurance is essential for the ongoing protection of the firm and its financial stability.