Which of the following describes the type of risks covered under completed operations liability?

Completed operations liability addresses risks that arise after a contractor's work has been completed and the project has been turned over to the client or is in actual use. This type of coverage protects a business against claims resulting from the use of its completed work, which could involve bodily injury or property damage caused by defects or issues in the work performed.

For instance, if a building constructed by a contractor has a flaw that leads to an injury or property damage after completion, the contractor would be covered under completed operations liability for any claims arising from that incident. This coverage is crucial because it ensures that businesses are protected from potential liabilities that could emerge after they have finished their work, as issues can surface long after a project is completed.

In contrast, other options do not align with the definition of completed operations liability. Risks associated with future projects relate to work that has not yet been completed, while risks during construction pertain to general liability, not completed operations. Lastly, risks that are insured through a different policy would not fall under the scope of completed operations liability, which is specifically designed to cover post-completion issues.