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You are an insurance broker and you are providing advice to a new commercial client who has just purchased a retail kids clothing store in Polo Park Shopping Centre. Your client has advised that they will be transporting their goods from a warehouse in the Inkster Park area to their store location on a regular basis. He/she also advised that in the next month there would be two more locations opened at the Seasons of Tuxedo outlet mall and the St. Vital Shopping Centre. They rent a unit in each of the locations.
Your client has asked for an explanation on what optional coverages are available that they would require for their business. You may have to ask your client additional questions to determine if there is a need for these coverages.
Utilizing the following optional coverages or forms, explain why or why not these coverages would be a need for your client:
a) Property in transit
b) Valuable Papers and Records Insurance
c) Crime Insurance
d) Boiler and Machinery Policy
e) Business Interruption Insurance
Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..
This report is specific for a core understanding for Financial Accounting and its relevant factors.
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