What is the benefit of Business Insurance?
What is the benefit of Business Insurance?
Business insurance is a risk management tool that enables businesses to transfer the risk of a loss to an insurance company. By paying a relatively small premium to the insurance company, the business can protect itself against the possibility of sustaining a much larger financial loss.
Benefits of business protection insurance :
Provides bodily injury coverage
Provides Property damage coverage
Covers for advertising liability
Helps minimise the financial losses
Covers for lawsuits and settlements
Helps promotes business continuity
Protects the business image