A situation in which a person is held responsible for the actions of another person is a. negligence. b. vicarious liability. c. property damage liability. d. comprehensive coverage. All of the following statements concerning the elements that must be proven to establish tort liability for negligence are correct, EXCEPT: a. There is a duty owed the plaintiff. b. There is a failure to act in accordance with the duty owed. Damage or loss occurs. d. The damage or loss must be significant (usually interpreted to mean in excess of $1,000). The damage or loss results from the breach of the duty owed. c. e. Which of the following statements concerning professional liability insurance is correct? a. So-called errors and omissions coverage protects the insured from liability for having negligently caused mental anguish, as well as bodily injury. b. Lawyers and accountants are more likely to purchase malpractice coverage rather than errors and omissions coverage. C. A surgeon is more likely to purchase malpractice insurance rather than errors and omissions coverage. d. A pharmacist is more likely to purchase errors and omissions insurance rather than malpractice coverage