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10 roles of insurance in a business

Sagot :

Baraq

Considering the benefits and importance of insurance, the ten roles of insurance in a business include "security and safety."

The other roles of insurance in a business are:

  1. Mitigation of risk
  2. Provision of insurance service by the insurance company
  3. Protection from unexpected losses
  4. Ease of getting loans
  5. Provision of social cooperation
  6. It enhances saving habits
  7. It aids some contracts that require it.
  8. There are tax benefits.
  9. Promotion of trades and industry, etc.

Hence, in this case, it is concluded that insurance plays various roles in business.

Learn more about Insurance here: https://brainly.com/question/4953989

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