Business Studies, asked by Alismill6avanthi, 1 year ago

The viability and relevancy of insurance products

Answers

Answered by santy2
0
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.
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