Business Studies, asked by jennykoushik3030, 1 year ago

What is compulsory insurance

Answers

Answered by shradha999
2

Explanation:

Compulsory Insurance means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss

Answered by shradh36
1

Answer:

Compulsory insurance is insurance that individuals, businesses, or other entities are required by law to have in force. Compulsory insurance usually covers perils that carry heavy financial costs.

Similar questions