All of the Following Statements About the Businessowners Policy Are

question 35

Multiple Choice

All of the following statements about the businessowners policy are true EXCEPT

• A)Coverage for business personal property includes coverage for leased personal property which the named insured has a contractual responsibility to insure.
• B)The amount of insurance on the buildings increases by a stated percentage each year.
• C)Additional coverages include pollutant cleanup and removal.
• D)The policy must be written with a deductible of at least $2,000 for property losses.

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Definitions:

Positive Regard

The acceptance and love a person receives from others, often considered critical in personal development and psychology.

Annual Staff Picnic

A yearly organized gathering for employees to socialize and relax outside of the work environment.

Discharged

Released from a hospital or medical care, indicating that the patient no longer requires in-patient care.