Insurance & Risk Management Custom Essay

INSURANCE AND RISK MANAGEMENT Introduction A sense of security in terms of finances is as essential to any business just as food, clothing and shelter is to people. A business that has economic and financial security is certain that it would be able to meet most of its expenses for smooth operation as well as meets cost that may come as result of risks during operations. However, no matter how confident a company may be it terms of its financial capability, it is impossible to have the surety of meeting all accidents costs. This is because a business is exposed to many forms of risks in its course of operation. The only sure way of gaining that confidence and the longevity of a business is through acquiring an insurance policy