1.Answer Any one of the following Question in about 40-60 words..
(a).Your business partner feels that it is not important to get the business insured? Explain him the important of insurance for business..
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Answers
Answer:
importance of insurence:
Answer:
If you’re in a business partnership, you already have a lot on your plate. You have to manage a business, a team of employees, and keep your clients happy. This can take up a lot of your time and energy. Unfortunately, it’s likely that you overlooked life insurance.
Your business partnership needs life insurance just like you do personally. Life insurance for your business partnership is an essential part of your business. Without it, your business could suffer some major consequences.
Next, we will get into some details about business partnership life insurance so you can see how it works and why you should get it.
Importance of insurance is a business are;
The uncertainty of business losses is reduced.
Business efficiency is increased with insurance.
Keyman indemnification.
Enhancement of credit.
Business continuation.
The welfare of employees.