The following are description of various insurance policies. Identify the name of the policy described by the statement: Description ...

      

The following are description of various insurance policies. Identify the name of the policy
described by the statement:
Description Policy
1 Covers an organization against losses which might
arise as a result of debtors failure to pay their debts
2 Covers for the loss of profit due to interruption of
business activities as a result of fire
3 Covers employees who may suffer injuries while on
official duties
4 Covers partial or total physical disability caused to a
person due to injury

  

Answers


Kavungya
- Bad debt cover
- Consequential loss
- Workman’s compensation
- Personal accident cover
Kavungya answered the question on April 3, 2019 at 09:25


Next: Give the significance of the following principles to both the insurer and insured i) Utmost good faith ii) Indemnity..... iii) Contribution iv) Insurable interest..
Previous: State four reasons why few Kenyan take out life assurance policy

View More Business Studies Questions and Answers | Return to Questions Index


Exams With Marking Schemes

Related Questions