The type of insurance that provides protection against a type of customer-oriented risk is…?
A. General liability insurance.
B. Surety bonds.
C. Business interruption insurance.
D. Commercial property coverage.
My answer would be C. Business Interruption Insurance.
Here is my reasoning:
If you are an agent selling a policy to your customer, the other 3 items are all coverages where claims would result in payments to other parties. A claim under business interruption coverage would trigger a payment to YOUR CUSTOMER for his loss of business income following a claim.
B surety bonds.
References :
My answer would be C. Business Interruption Insurance.
Here is my reasoning:
If you are an agent selling a policy to your customer, the other 3 items are all coverages where claims would result in payments to other parties. A claim under business interruption coverage would trigger a payment to YOUR CUSTOMER for his loss of business income following a claim.
References :
20 years as a licensed insurance agent