A. fire insurance
B. all-risk insurance
C. product liability insurance
D. consequential loss insurance
Correct Answer: Option D
D. consequential loss insurance
Explanation
What is ‘Consequential Loss’. A consequential loss is an indirect loss resulting from an insured’s inability to use business property or equipment. A business owner may purchase insurance to protect them against the secondary loss of property and equipment due to a natural disaster or accident.
Do you want to study Agricultural Extension in OOU? Before you apply for the OOU…
Do you want to study Agricultural Economics in OOU? Before you apply for the OOU…
Do you want to study Cooperative and Business Management in OOU? Before you apply for…
Do you want to study Home and Hotel Management in OOU? Before you apply for…
Do you want to study Animal Production in OOU? Before you apply for the OOU…
Do you want to study Crop Production in OOU? Before you apply for the OOU…