Richard owns and operates a small furniture store. In addition to Richard, the firm employs two sales representatives. Richard's insurance agent advises him that the store can be insured under a businessowners policy (BOP). Identify the various property loss exposures to Richard's furniture store that can be covered by a businessowners policy.
Answer to relevant QuestionsNever-Die Battery manufactures batteries for industrial and consumer use. The company purchased a commercial package policy (CPP) to cover its property exposures. In addition to common policy conditions and declarations, the ...The business income (and extra expense) coverage form has a number of policy provisions. Explain the following provisions:a. Business income lossb. Coverage of extra expensesBen owns an appliance and furniture store and is insured under a commercial general liability (CGL) policy written on an occurrence basis. Explain whether Ben's CGL policy would provide coverage for each of the following ...Define each of the following:a. Products liabilityb. Completed operations liabilityc. Contractual liabilityd. Contingent liabilityThe ISO commercial crime coverage form can be used to insure specific crime exposures of most business firms. Assume that you are a risk management consultant. For each of the following losses, identify an appropriate ...
Post your question