Author Question: All of the following statements about the businessowners policy are true EXCEPT A) Coverage for ... (Read 47 times)

lilldybug07 · **on:** Jul 11, 2018

All of the following statements about the businessowners policy are true EXCEPT

A) Coverage for business personal property includes coverage for leased personal property which the named insured has a contractual responsibility to insure.
B) The amount of insurance on the buildings increases by a stated percentage each year.
C) Additional coverages include pollutant cleanup and removal.
D) The policy must be written with a deductible of at least 2,000 for property losses.

Question 2

The process of determining the effects of one key variable on the overall outcome of a pro forma income statement, for example, is known as:

A) ratio analysis.
B) scenario analysis.
C) sensitivity analysis.
D) form analysis.