A large automobile manufacturer was forced to shut down for six days b

QUESTION

A large automobile manufacturer was forced to shut down for six days because of a long-term blackout in town, but insurance covered income loss and expenses. That means the company had business-interruption service.

Indicate whether the statement is true or false.

ANSWER

Answer: TRUE
Explanation: Business-interruption insurance covers loss of income and expenses when disaster temporarily closes the business.