In a Business Income Coverage Policy, Coinsurance Applies To

question 12

Multiple Choice

In a business income coverage policy, coinsurance applies to:

• A)net income plus continuing operating expenses.
• B)gross profit plus depreciation.
• C)net loss plus continuing operating expenses.
• D)net sales plus all operating expenses.
• E)net income plus all operating expenses.

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Definitions:

Advertisement

A form of marketing communication used to promote or sell something, typically a business's product or service.

Door-to-Door Solicitation

The direct marketing approach where salespeople or representatives visit homes to advertise or sell products and services.

Funeral Services

Funeral services refer to professional services provided by funeral directors and related businesses, such as the preparation, cremation, or burial of the deceased, and arranging memorial ceremonies.

Contract Cancellations

The termination of a contractual agreement, releasing all parties from their obligations under the contract.