Final answer:
A Leader Location in Contingent Business Interruption Insurance is a key site that attracts customers to the insured's business. It possesses site advantages like good transportation links which mimic the dynamics of large trading cities that have historically grown around transport hubs.
Step-by-step explanation:
In Contingent Business Interruption Insurance, a Leader Location is one which b. Attracts customers to the insured's business. This type of location often has site location advantages that play a crucial role in attracting trade or industry, similar to cities that grow large because of their quality site factors. Such factors include excellent port facilities and multiple transportation options, making them strategic break of bulk points where different modes of transportation intersect and cargo is transferred.
Historically, cities with bustling docks, ports, or train stations, such as New York City, Los Angeles, Chicago, New Orleans, and Houston, have seen significant growth because they were supported by multiple forms of transportation. These transport hubs attract not just cargo, but also laborers due to the high demand for workers to load and unload freight. This, in turn, leads to an increase in warehouses and manufacturing jobs, consequently attracting more business activity to the area. In the context of Contingent Business Interruption Insurance, a Leader Location would thus be instrumental in drawing customers, which is essential for the insured's business continuity.