A business is likely to experience some negative consequences of being unable to use the damaged or lost property.Those negative consequences typically involve reduced revenues or increased expenses, both of which reduce net income (profit).The commercial property policy provides coverage for net income losses through:
A)basic causes of loss coverage form.
B)business income coverage form.
C)special causes of loss coverage form.
D)building and personal property coverage form.
E)broad causes of loss coverage form.

Question

Quizplus · Accepted Answer

The business income coverage form specifically addresses the loss of net income a business suffers due to the interruption of its operations, which can result from damage to its property. This form is designed to cover the reduction in profits and the continuing expenses during the period of restoration.

A Business Is Likely to Experience Some Negative Consequences of Being