Which of the Following Statements About the ISO Businessowners Policy

question 13

Multiple Choice

Which of the following statements about the ISO businessowners policy is true?

• A)The current form is written on a named-perils basis,but an "open-perils" (all risks)endorsement is available.
• B)It provides business income and extra expense coverage as an additional coverage.
• C)The policy covers business personal property but does not cover buildings.
• D)The policy is designed to meet the special needs of large businesses.

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Definitions:

Social Audits

Evaluations of an organization's social impact, policies, and practices, often concerning its contributions to social responsibility and ethical standards.

Environmental Scans

The process of gathering, analyzing, and dispending information for strategic purposes from the external and internal environments of an organization.

Cause Marketing

A partnership between a for-profit business and a non-profit organization to mutually promote and benefit from social or environmental causes.

Societal Responsibility

The obligation of an organization to act in ways that benefit society at large, beyond its own interests.