The Three Types of Losses Generally Covered by Marine Insurance

question 10

Multiple Choice

The three types of losses generally covered by marine insurance policies include all but which of the following?

• A) Total losses of all or part of a shipment
• B) Weighted average losses
• C) General average losses
• D) Partial or particular average losses

---

Definitions:

Porter

Refers to Michael E. Porter, a prominent academic known for his theories on economics, business strategy, and competitive advantage.

Workplace Diversity

The inclusion of individuals of various genders, races, ethnicities, ages, sexual orientations, religions, and physical abilities in the workplace.

Core Competency

A defining capability or advantage that distinguishes an organization from its competitors, often contributing to its success or competitive advantage.

Unique Distribution System

A distinctive method or strategy employed by a company to deliver its products or services to its customers, setting it apart from competitors.