Question

The Bookworm is a bookstore and café located on a busy downtown main street in Denver. The owner, Waata Reader, prides himself on the vast selection of books available in the store. The store has three stories, with both stairs and an elevator to each level. In the back of the first floor is the café, which serves pastries and coffee drinks. Many times customers will linger there over a cup of coffee, deciding which book to purchase. Waata has expanded several times and now has 22 people on the staff.

Answer 1

Answer:

The correct answer is "market risks are uninsurable and in fact, his business policy does not cover those."

Explanation:

When talking about an uninsurable risk, we must bear in mind precisely that the insurance covers defined, individualized and limited risks, but not all risks are insurable.

The insurance company cannot assume abstract risks, which are not contemplated in the policy. To know what coverage to look for and what risk can be insurable, a series of characteristics have been stipulated: the risk must be uncertain and random, possible, future, concrete, fortuitous, lawful and of economic content.