Question

A policy that covers the loss of profits due to damage to machinery is:

Q: Answer-A policy that covers the loss of profits due to damage to machinery is:

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.

A Electronic Equipment Insurance

B Machinery Breakdown Insurance

C Machinery Loss of Profits Insurance

D Contractor's All Risks Insurance

E None of the above

Practice Next

More Insurance Awareness Questions

Life Insurance Companies cannot reject insurance claim after how many years ?
The result of the policyholder’s failure to buy sufficient insurance is termed as?
Which component of an insurance policy includes the name, logo, and contact details of the insurer?
_________ is the first and fundamental step towards becoming an IRDAI Agent/Insurance Advisor.
What is the purpose of a declaration policy?
Which of the following is not one of the stages in product life cycle?
______ defeated England of the following nations in the finals of ICC U-19 Women’s T20 World Cup?
Which of the following is NOT a peril covered under the Standard Fire and Special Perils Policy?
As per Rule 141 of Central Motor Vehicle Rules 1989, a certificate of Insurance is to be issued only in Form _____.
What is the purpose of a "loss adjuster"?

Hey! Ask a query

A policy that covers the loss of profits due to damage to machinery is:

Detailed Solution

More Insurance Awareness Questions

Hey! Ask a query

Please Register/Login