Business Interruption Insurance & Claims: Questions & Answers

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Chapter 11

Q11. 1

The vast majority of business owners in Australia and New Zealand do not review their level of insurance cover each year.



Q11. 2

The inflation rate is a good guide to increases in construction costs.



Q11. 3

Which of the following is not a reason for the low take-up of business interruption insurance in Australia and New Zealand?







Q11. 4

Around 50% of businesses that have a major loss do not survive the crisis.



Q11. 5

A business interruption loss only follows from damage to insured property.



Q11. 6

Which of the following is a product or service developed by the LMI Group to assist Insureds and their insurance advisers with ‘getting the cover right’?










Q11. 7

Which of the following online services has the LMI Group developed to assist insurance advisers and their clients with risk management, business continuity management, product training and insurance arrangements?








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