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❓ASK Have you insured your business?

Razor1911

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There is high possibility that a business might face loss in future. The market goes up and down through out every day. Thus, when the market is down, the profit margin also decreases and businesses sometime have to face loss.

There is still an option for business and that is to take insurance from insurance companies. Thy provide scheme to safe guard your capital you invested in market, by insuring it. Do you think it is good to take such Insurance?
 
If I can insure my car, then, I should be able to know how important it so to insure my business. Business insurance shouldn't be taken likely because although no one wishes for bad things to happen, that never stops it from happening.
 
If I can insure my car, then, I should be able to know how important it so to insure my business. Business insurance shouldn't be taken likely because although no one wishes for bad things to happen, that never stops it from happening.
No one knows what future has hold for us. So it becomes important that we must at first insure our business, so that even when any mishaps occurs, we alteast have the insurance to cover our losses.
 
With the way things are now and the economic downturns experienced in so many economies it is very advisable to insure one s business incase of any eventualities one will have something to fall back on.
 
One of the best way to control risk is to insure ur business against risk in the future. Most small scale business in my country don't know the advantages of insuring their business and the insurance policy in the country is too weak. I have not insure my business because of the weak insurance policy in the country.
But at least you need to insure your business no matter how the insurance policy of your country is, as far that you know the advantage of insuring of business.
 
You are right. That's why one needs to insure a business because of future, anything unexpected can happen to the business buy if you have already insurance you won't start from square one.
No one knows what future has hold for us. So it becomes important that we must at first insure our business, so that even when any mishaps occurs, we alteast have the insurance to cover our losses.
 
Insuring your business is really important, I will definitely do so. The future is so uncertain and so it is best to be prepared for any emergencies by having an insurance. If you knlw the benefits of car, house or health insurance then you will definitely know the importance of business insurance.
 
Insurance play an important part in a business. Anything can happen at anytime same goes for our business, cars and the rest of them. It is good to insure a business especially high level companies but what about small scale business, I don't see the need and most people who do small scale business do not have sufficient funds to improve their business not to talk of insuring the business. Insurance is good but not everyone can afford it
 
Insuring your business is really important, I will definitely do so. The future is so uncertain and so it is best to be prepared for any emergencies by having an insurance. If you knlw the benefits of car, house or health insurance then you will definitely know the importance of business insurance.
You are right. Business insurance is very valid in terms of business and I know that many people Know its relevant. But not everyone can afford it especially small scale business. Anyway, it's a good idea to have it when you can afford it.
 
You are right. Business insurance is very valid in terms of business and I know that many people Know its relevant. But not everyone can afford it especially small scale business. Anyway, it's a good idea to have it when you can afford it.
Small businesses may not truly afford insurance. But at least their damages and other risks are not as high as those of large scale businesses. Most small scale businesses can stay without insurance.
 
Small businesses may not truly afford insurance. But at least their damages and other risks are not as high as those of large scale businesses. Most small scale businesses can stay without insurance.
Yes, that's the reason small scale Businesses can not even bother to have insurance because there is no much risk in them like those big scale business.
 
Nope.. not yet. Still small and i might consider doing so if it expands and be a lot more stable than it is today. I don't think it's necessary yet
 
Nope.. not yet. Still small and i might consider doing so if it expands and be a lot more stable than it is today. I don't think it's necessary yet
It's not necessary or compulsory for a small business, because the money to use for insure can even use to boost business up, lol. But it's very necessary for big business.
 
I do not have insurance for my business yet, but I'm eagerly to have it very soon. Because I know the important of it. Though, my business is still small so I want it to big more before I get a insurance for it.
 
It's not necessary or compulsory for a small business, because the money to use for insure can even use to boost business up, lol. But it's very necessary for big business.
Right. When it involves big money it should be insured ofcourse. I wonder how big though to be considered big and enough to get it insured
 
I do not have insurance for my business yet, but I'm eagerly to have it very soon. Because I know the important of it. Though, my business is still small so I want it to big more before I get a insurance for it.
That's good for you as you know the important of insurance. I will advise you to have it in the right time, when your business grow more.
 
I am a bank employee for a long time. This is the first that I've heard of an insurance for a business. It is mind boggling to me. The only business insurance I know are the contents against fire and robbery.
 

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