Insurance WAEC

The policy is taken to cover the loss of income that a business suffers when its facilities are closed due to a disaster is?

A. group insurance
B. business support
C. fire insurance
D. business interruption

Correct Answer: Option D

D. business interruption

Explanation

Business interruption insurance (also known as business income insurance) is a type of insurance that covers the loss of income that a business suffers after a disaster. The income loss covered may be due to disaster-related closing of the business facility or due to the rebuilding process after a disaster

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