1.
It is the legal contract between the Insurer and
the insured
2.
It transfer the risk from insured to
insurer for a premium
3.
It protects life and property from risks
4.
Lose of life can be due to death, bad health or
accident
5.
Lose of property can be due to fire, flood,
earhtquake, terrorism, theft and bad debts.
6.
Insurance provides a sense of security.
The types of insurance available to entrepreneurs are
a.
Property insurance
b.
Casualty insurance
c.
Life insurance
d.
Market competition Insurance
e.
Health Insurance
No comments:
Post a Comment