New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    A policy that covers financial losses due to delays in

    project completion caused by accidental damage is:
    A Machinery Breakdown Correct Answer Incorrect Answer
    B Contractor's All Risks Correct Answer Incorrect Answer
    C Electronic Equipment Insurance Correct Answer Incorrect Answer
    D Advance Loss of Profits Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Advance Loss of Profits insurance provides coverage for financial losses incurred due to delays in project completion caused by unforeseen events, such as accidental damage to machinery or equipment.

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