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Business
Small Business Management Study Set 2
Quiz 23: Risk Management
Business Interruption Insurance Covers
Question 58
Multiple Choice
Business interruption insurance covers A) lost income. B) shoplifting. C) debts to suppliers. D) defective products.
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Q 59
A unique, attractive feature of a BOP is that both real and personal property are valued on A) an appraised cash value basis. B) a market-adjusted depreciated value basis. C) a replacement-cost basis. D) a proximal-to-value basis.
Q 60
A coinsurance provision requires that a property be insured for at lease ____ percent of its value. A) sixty B) seventy C) eighty D) ninety
Q 61
Doug's BOP on his fishing guide business excludes property losses due to the wakes of other fishing boats. This is an example of the ____ approach to property insurance. A) foreseen risk B) reasonable-person standard C) named-peril D) insurance-to-value
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