Question

Deepak Wadhwa and sons have been carrying on the business of diamond cutting since the last three generations in Bhuj Gujarat. Since Bhuj is prone to earthquakes, the firm has decided to ensure their business premises and inventory with Star Insurance Company. Which kind of risk the company is trying to minimise?​

Answer 1

Correct answer:-

Deepak Wadhwa and sons have been carrying on the business of diamond cutting since the last three generations in Bhuj Gujarat. Since Bhuj is prone to earthquakes, the firm has decided to ensure their business premises and inventory with Star Insurance Company.

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Answer 2

Answer:

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