The Named Perils Form and Broad Form insure the property of a business. 'Equipment', as defined in these Forms, includes:
Understand the Problem
The question is asking about the definition of 'equipment' as per the Named Perils Form and Broad Form in insurance, specifically what it includes. This involves understanding specific terms related to insurance coverage for business property.
Answer
a) machinery, fixtures, utensils, and appliances.
The final answer is a) machinery, fixtures, utensils, and appliances.
Answer for screen readers
The final answer is a) machinery, fixtures, utensils, and appliances.
More Information
Named Perils and Broad Forms typically define 'equipment' to include items necessary for business operations such as machinery and appliances. These are crucial for maintaining business functions.
Tips
Ensure you understand the specific definitions used in insurance forms, as they may differ slightly between policies.
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