Question

Reasons for the viability and relevancy of insurance product

Answer 1

see and u get ur answer

Answer 2

Explanation:

Insurance products are viable and relevant to a business due to the following reasons:

-Insurance provides business security, that is even in the event of a tragedy a business could easily pick up and go on as usual.

-Due to the reason above, business can thus take greater risks and in turn make big profits and if not still get compensation from their insurers.

-With insurance a business can provide future security and stay well beyond the rest of the competition in the market.