Which of the following statements is true about a business owners policy?
A)It is an outgrowth of the capital asset program.
B)It provides coverage for inland transportation and specialized equipment.
C)It provides options to value property at actual cash value, agreed value, or (for buildings) functional replacement cost.
D)In this policy, the bulk of the premium goes toward costs of inspection and loss control.
E)It can be purchased either on a named-perils or an open-risk basis.

Question

Quizplus · Accepted Answer

The Answer of Which of the following statements is true about a business owners policy?
A)It is an outgrowth of the capital asset program.
B)It provides coverage for inland transportation and specialized equipment.
C)It provides options to value property at actual cash value, agreed value, or (for buildings) functional replacement cost.
D)In this policy, the bulk of the premium goes toward costs of inspection and loss control.
E)It can be purchased either on a named-perils or an open-risk basis.

Which of the Following Statements Is True About a Business