When purchasing property insurance, a business owner can use the named-peril approach, which provides the broadest protection available.

Name: When purchasing property insurance, a business owner can use the named-peril approach, which provides the broadest protection available.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The named-peril approach only covers specific risks and events that are listed in the policy, while the all-risk approach provides the broadest protection available.

When Purchasing Property Insurance, a Business Owner Can Use the Named-Peril