You run a company that uses all of the latest fire protection features and services available. what type of insurance would be most beneficial to your bottom line? group of answer choices

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06-09-2022
Business

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You run a company that uses all of the latest fire protection features and services available. what type of insurance would be most beneficial to your bottom line? group of answer choices

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tutorconsortium344 tutorconsortium344 · Answer 1 · 2022-09-10T11:11:36-04:00

Mutual fire insurance would be the most advantageous for your financial situation.

A Mutual Insurance Company: What Is It?

An insurance provider that is owned by its clients is known as a mutual insurance company. A mutual insurance company's members have the power to choose the management, and its only goal is to provide insurance protection for its members and policyholders. Mutual insurance businesses invest in portfolios similarly to a traditional mutual fund and distribute earnings to members in the form of dividends or lower premiums. State law does not govern whether an insurer qualifies as a mutual insurance business; federal law does.

KEY LESSONS

A mutual insurance firm is one that is owned by its clients.

to know more about mutual insurance

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