Business Studies, asked by nitish823, 3 months ago

Why is insurance a necessity rather than a choice for a business?

Explain and write the functions of insurance
answer in brief

Answers

Answered by mihir6969

9

Answer:

The main function of insurance is to protect the probable chances of loss. ... The insurance guarantees the payment of loss and thus protects the assured from sufferings. The insurance cannot check the happening of risk but can provide for losses at the happening of the risk.

Answered by kajalamrita09

0

Explanation:

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