Accident, consequential loss insurance. - SS2 Commerce Past Questions and Answers - page 1
Accident insurance provides coverage for:
Unexpected injuries or accidents
Unexpected injuries or accidents
Unexpected injuries or accidents
What does accident insurance help cover?
Financial losses due to business interruptions
Medical expenses, disability, and death resulting from accidents
Damage to property caused by accidents
Consequential loss insurance is also known as _________________.
Property insurance
Accident insurance
Business interruption insurance
What does consequential loss insurance compensate for?
Medical expenses resulting from accidents
Damage to property caused by accidents
Loss of income or additional expenses due to business interruptions
The waiting period in consequential loss insurance refers to:
The time it takes for an accident claim to be processed
The time it takes for the business to recover and resume normal operations
The period during which the insurance coverage is not active
Define accident insurance.
What does consequential loss insurance aim to compensate for?