Which of the following types of insurance will enable you to continue to pay the bills if your business should be closed down by damage due to fire, flood, or other catastrophe?

Question

Quizplus · Accepted Answer

Business interruption or loss-of-income insurance is specifically designed to cover the loss of income that a business suffers after a disaster. This type of insurance covers the revenue a business would have earned, based on its financial records, had the disaster not occurred. It is intended to put a business in the same financial position it would have been in if no loss had occurred, thereby enabling the business to continue paying its bills and maintain operations during or after a significant disruption.

Which of the Following Types of Insurance Will Enable You