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A manufacturer completed a business income work sheet for the recent policy period based on operating 6 months per year (after plant summer shutdown and usual employee paid holidays). The annual business income value is $9 million with an 80 percent coinsurance clause. The insured limit is $7.5 million. .A fire occurs and damages key equipment, and the plant must shut down for 3 months. A business income claim of $2.7 million is filed with the property insurer. What is the net insurance recovery?
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 ..
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