A manufacturing company whose production was abruptly stopped by fire incidence would have its claim for loss of earning settled under the class of
A.
fire insurance
B.
all risk insurance
C.
product liability insurance
D.
consequential loss insurance
Correct answer is D
What is 'Consequential Loss'. A consequential loss is an indirect loss resulting from an insured's inability to use business property or equipment. A business owner may purchase insurance to protect them against the secondary loss of property and equipment due to a natural disaster or accident.
