Which type of insurance can Risk Retention Groups provide coverage for?

Risk Retention Groups (RRGs) are unique insurance entities that allow members who share similar risks to pool their resources and provide liability insurance to one another. The primary purpose of RRGs is to cover various types of liability risks. This is why the correct answer is that they can provide all types of liability insurance.

RRGs are specifically formed under the Liability Risk Retention Act of 1986, which allows them to offer liability coverage without being subject to the same regulations as standard insurers. They are designed to provide coverage for professional liability and other forms of liability insurance that may be difficult for members to obtain from traditional insurers. This includes products such as general liability, errors and omissions, directors and officers liability, and more.

The option regarding personal liability and workers' compensation is not accurate since RRGs do not generally cover workers' compensation due to regulatory restrictions. Property insurance is also excluded from the offerings of RRGs since their focus is primarily on liability. Lastly, while health insurance can be essential, it diverges from the main function of Risk Retention Groups, which centers around liability risks rather than health coverage.