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business interruption claims will only be settled if it is caused by?

Insurance
WAEC 2016

business interruption claims will only be settled if it is caused by?

  • A. permanent disability
  • B. machinery breakdown
  • C. sickness
  • D. death
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Correct Answer: Option B
Explanation

Business interruption insurance (also known as business income insurance) is a type of insurance that covers the loss of income that a business suffers after a disaster. The income loss covered may be due to disaster-related closing of thebusiness facility or due to the rebuilding process after a disaster.


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Post UTME Past Questions Agent
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 127076
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WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now