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WAEC Commerce 1993 Question 97

Question 97

Insurance

Which of the following is not an insurable risk?

  1. A.Fire accident
  2. B.Life assurance
  3. C.Burglary
  4. D.Marine disaster
  5. E.Loss of profit
Show the answer and explanation

Answer: E (Loss of profit)

Explanation

Loss of profit from ordinary trading (e.g. poor sales or competition) is a business risk that cannot be insured.