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What is a package policy? Explain the advantages of a commercial package policy to a business...

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Accounting

What is a package policy? Explain the advantages of a commercialpackage policy to a business firm as compared to the purchase ofseparate policies.

The business income (and extra expense) coverage form has anumber of policy provisions. Explain the following provisions:Business income loss, Coverage of extra expenses

Define robbery, burglary, safe burglary, and theft.

Identify the major exclusions in the commercial crime coverageform (loss-sustained form).

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