Chapter 5

Question 1

Under a business interruption policy what restriction would the increased cost of working cover typically be subject to?

Answer 1

There must be an equivalent saving in the claim that would otherwise be paid

Question 2

When arriving at a sun insured a declaration linked business interruption policy requires the insured to

Answer 2

Estimate turnover figures for the forthcoming year

Question 3

Where the sun insured under a business interruption policy is calculated by deducting variable charges from turnover this is known as the

Answer 3

Difference basis