sincerem
VIP Contributor
I heard different opinions concerning business insurance, how business entrepreneurs enter into insurance to protect their enterprise when challenges unfold marred it or come through it in the future.
But I don't understand how it will be benefiting to the business owner insuring his or her business when unexpected circumstances hit it.
I've heard from different sources, saying that business owners can get compensation when their business is heavily marred by natural and unpleasant occurrences like the covid19 pandemic. Which ruined most of the offline businesses from going on with operation.
Others still say, when the owner's business collapse unexpectedly due to unforeseen circumstances which isn't recognised. That insurance company compensates the victim that is affected by the loss.
Do you think all this facts is genuine when it comes to benefits of business insurance?
But I don't understand how it will be benefiting to the business owner insuring his or her business when unexpected circumstances hit it.
I've heard from different sources, saying that business owners can get compensation when their business is heavily marred by natural and unpleasant occurrences like the covid19 pandemic. Which ruined most of the offline businesses from going on with operation.
Others still say, when the owner's business collapse unexpectedly due to unforeseen circumstances which isn't recognised. That insurance company compensates the victim that is affected by the loss.
Do you think all this facts is genuine when it comes to benefits of business insurance?