A business owner discovers that receipts from the previous night have been stolen. This theft would be covered under which type of insurance coverage?

Hazard insurance typically refers to coverage that protects against specific risks or hazards that could cause damage, such as fire or flood. While hazards are related to risks that could lead to property loss, this term does not specifically address the theft of items, which is classified under property coverage.

Liability insurance protects a business from claims made by third parties for bodily injury or property damage. In this scenario, liability coverage would not apply because the theft of receipts does not involve harm to a third party or claims against the business related to negligence or liability issues.

Peril refers to specific risks or events that can cause a loss, such as fire, theft, or vandalism. However, peril itself is not a type of insurance coverage; rather, it is a term used to describe the causes of loss that insurance policies may cover. Therefore, it does not directly represent the coverage applicable to the stolen receipts.