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Why insurance is necessary for a business ?

answer keeping in mind the I have NOT TAKEN BST PACKAGE !!!!

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Thumbs-up to Monalisha for correct answer. 
However, you can also follow the link given below. 
https://www.meritnation.com/ask-answer/question/why-insurgence-is-important-for-a-businessman/business-services/6869897

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FOR EVERY BUSINESS MAN INSURANCE IS A MUST AND SHOULD TO TAKE AS IF THERE IS ANY MISHAP,DANGER TO THE GOODS OF HIM, THE INSURANCE COMPANY WILL COMPENSATE HIM FOR THE LOSS ACCORDING TO SOME CONDITIONS...MEANS THE INSURER PAYS THE PERSON FOR THE LOSS CAUSED DUE TO DANGER .THIS HELPS BUSINESS MAN  TO HAVE A GOOD BUSINESS IN HIS LIFE,MARK THIS POINT!! THE INSURER COMPENSATES THE INSURED FOR THE LOSS  ARISED IF AND ONLY IF THE GOODS ARE INSURED THAT IS IF INSURANCE IS TAKEN ON THOSE GOODS
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