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All of the following statements about business income insurance are true EXCEPT Question 43 options:...

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Finance

All of the following statements about business income insurance are true EXCEPT

Question 43 options:

1)

Business income is defined as total sales that would have been made if the loss had not occurred.

2)

Business income insurance does not cover the physical damage caused by a peril which created the interruption in business.

3)

Payroll is considered a continuing normal operating expense.

4)

The business income coverage form can be purchased with a coinsurance requirement.

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