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

    Question

    A policy that covers the loss of profits due to damage

    to machinery is:
    A Electronic Equipment Insurance Correct Answer Incorrect Answer
    B Machinery Breakdown Insurance Correct Answer Incorrect Answer
    C Machinery Loss of Profits Insurance Correct Answer Incorrect Answer
    D Contractor's All Risks Insurance Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Machinery Loss of Profits Insurance provides coverage for financial losses incurred due to business interruption resulting from damage to machinery, such as loss of production, increased expenses, and other indirect losses.

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