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The ABC Corp. purchased a new business during the term of its Commercial General Liability policy. A claim occurs for which the new business is liable but before the new business is added to the policy by endorsement. Which of the following statements are true?Choose one answer. a. There is no coverage for a new business b. Coverage on the new business is limited to 50% of the limits of the General Liability Policy c. There is no coverage until the insured has advised the agent of the acquisition d. The loss will be covered by ABC's policy if the loss occurs within 90 days of purchase of the new business
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