MANAGEMENT

BUISENESS MANAGEMENT

INSURANCE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Provides protection for the loss of profits and continuing fixed expenses resulting from a break in commercial activities.
A
warranty
B
misrepresentation
C
commercial
D
business interruption insurance
Explanation: 

Detailed explanation-1: -Business interruption insurance is insurance coverage that replaces income lost in the event that business is halted due to direct physical loss or damage, such as might be caused by a fire or a natural disaster.

Detailed explanation-2: -The business interruption coverage will also provide coverage to an insured for loss of business income it incurs during the time when access to its premises is prohibited by an order issued by the civil authority as a result of physical damage.

Detailed explanation-3: -If your company has to vacate its premises because of a disaster-related damage, we protect your loss of income. The policy also covers operating expenses, like electricity, that continue even after your business is interrupted.

Detailed explanation-4: -Business insurance is a kind of insurance that helps an enterprise to protect its financial assets, intellectual property and physical location from an unforeseen incident causing huge financial losses.

There is 1 question to complete.