Benefits of insuring a business

Lenore Staats

Insurance is a method of managing risks and is mainly utilized to caution against any financial loss risk. Insurance is also defined as the equitable transfer of the risk of potential loss from an entity to another, typically exchanging for duty of care and premium. Running a business comes with its associated risks. This includes the risks of natural disasters, an employee potentially getting injured, and a client filing a suite, for example, alleging breach of contract. For this, among other reasons, it is always important to ensure that you keep your business assets insured. With the new trends of … Read More