Which of the following statements is true about a business income coverage form?
A)This policy protects the insured against business interruption losses, but not against extra expense losses.
B)This policy covers all lost revenues because those revenues generally cover expenses.
C)The policy's intention is to maintain the insured's same financial position with or without a loss.
D)Under this policy, businesses that sustained losses because of the economic backlash and fear after September 11, 2001, were covered for their loss of income.
E)Extra expenses incurred by businesses following property damage are not covered by this policy.

Question

Quizplus · Accepted Answer

The primary goal of a business income coverage form is to keep the insured in the same financial position they would have been in if no loss had occurred, by covering lost income and certain extra expenses following a covered loss.

Which of the Following Statements Is True About a Business