John Jones is risk manager of Alpha-2-Omega Company.John wants coverage for "direct physical loss" ("open perils" coverage)under the business and personal property (BPP)coverage form.Which causes-of-loss form should he select?

Question

Quizplus · Accepted Answer

The special form is the most comprehensive and provides coverage for all causes of loss, except for those that are specifically excluded. This provides the "open perils" or "all-risk" coverage that John is seeking for direct physical loss. The basic, standard, and broad forms are more limited in the causes of loss they cover.

John Jones Is Risk Manager of Alpha-2-Omega Company