The extra expenses incurred by a business to stay in operation following a fire is an example of a(n)

Question

Question: The extra expenses incurred by a business to stay in operation following a fire is an example of a(n)

Options:

1.  Fundamental risk
2.  Speculative risk
3.  Direct loss
4.  Indirect loss

Answer 1

4. Indirect loss

The extra expenses incurred by a business to stay in operation following a fire is an example of an Indirect loss.