Which coverage is NOT included in cyber insurance? OA) Fees to hire professional assistance to replace lost or corrupted data OB) The cost of paying employee wages when they cannot work OC) The cost of hiring a public relations firm to help minimize the impact to the insured's reputation OD) The costs associated with strengthening the insured's systems against future attacks What is the Actual Cash Value of an item? OA) It is the cost to replace it with similar, new item. OB) It is the amount it would sell for on the date of loss. OC) It is the cost to replace it with a similar item in similar condition. OD) It is the cost when first bought by the insured.
Which coverage is NOT included in cyber insurance? OA) Fees to hire professional assistance to replace lost or corrupted data OB) The cost of paying employee wages when they cannot work OC) The cost of hiring a public relations firm to help minimize the impact to the insured's reputation OD) The costs associated with strengthening the insured's systems against future attacks What is the Actual Cash Value of an item? OA) It is the cost to replace it with similar, new item. OB) It is the amount it would sell for on the date of loss. OC) It is the cost to replace it with a similar item in similar condition. OD) It is the cost when first bought by the insured.
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Transcribed Image Text:Which coverage is NOT included in cyber insurance?
OA) Fees to hire professional assistance to replace lost or corrupted data
OB) The cost of paying employee wages when they cannot work
OC) The cost of hiring a public relations firm to help minimize the impact to the insured's reputation
OD) The costs associated with strengthening the insured's systems against future attacks
Transcribed Image Text:What is the Actual Cash Value of an item?
OA) It is the cost to replace it with similar, new item.
OB) It is the amount it would sell for on the date of loss.
OC) It is the cost to replace it with a similar item in similar condition.
OD) It is the cost when first bought by the insured.
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