why do we insure goods ?
Dear Kritika,
Production and Distribution of goods involves various types of risks because of the existence of factors beyond control. Insurance acts as a protection against these risks. On payment of a nominal premium, the loss suffered by a business can be recovered from the insurance company concerned.
Production and Distribution of goods involves various types of risks because of the existence of factors beyond control. Insurance acts as a protection against these risks. On payment of a nominal premium, the loss suffered by a business can be recovered from the insurance company concerned.