All of the following are true of a Businessowners Coverage Form, except:

All of the following are true of a Businessowners Coverage Form, except:


a. Section III of the coverage form contains the Common Policy Conditions


b. The most the insurer will pay for loss or damage arising out of any occurrence is the limit of insurance shown in the Declarations


c. Employee dishonesty is automatically included in each policy


d. Land, including land on which the property is located, is not covered



Answer: c. Employee dishonesty is automatically included in each policy

Comments

Popular posts from this blog

Give the von Neumann-Morgenstern utility function.

Life income joint and survivor settlement option guarantees