Which of the following does not have an insurance interest?

An insurance interest is the legal right to insure an item or person that may suffer a loss due to a specific risk. This interest is generally established by having a certain relationship with the insured party or item.

In the context of this question, a business partner clearly has an insurable interest because their financial stake in the business may be affected by the loss or injury of one of the partners or the business itself. Similarly, family members and beneficiaries typically have an insurable interest, as they might suffer emotional or financial loss in the event of a death or damage involving their loved ones.

Friends, however, generally do not have an insurable interest unless they have a legal or financial stake in the other person's wellbeing or belongings. A friendship alone does not create a significant financial or personal stake that would allow for an insurable interest by the general definition used in insurance terms. Therefore, this option is the one that does not meet the criteria for insurance interest as it's not inherently linked to a financial risk resulting from the loss of a friend.