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[Blaka]

A manufacturing company, dealing with making things, might face risks like machines breaking down, problems with products, or disruptions in the supply chain. So, it would need special coverage like equipment breakdown insurance, product liability insurance, and business interruption insurance.

FOr a technology company,, it would be more concerned about cyber risks, disputes over intellectual property, and mistakes in its work. Cyber insurance is super important to protect against things like data breaches and cyberattacks. Errors and omissions insurance helps with claims of professional mistakes.

For service-oriented industries, theres a need for professional indemnity insurance. This helps deal with the financial impact of mistakes in the services they provide. Healthcare providers might also need specific liability coverage for things like medical malpractice risks.

 

[Deyiang]

well coming to online a lot of people patronizing online businesses may not take insurance very important because most people may feel that it is of no use because the occurrence is inevitable but base on your article you are absolutely correct because most of the people handling information suppose to be held responsible when they compromise with customers data which leads to loses on the part of the customer

 

[IB DD]

Business risks vary accross industries and sectors. A business operating in the financial sector has money related fraud as one of it's primary risks and would take an insurance against fraud related losses. It is not the same for a business offering legal services. Every industry and sector has the risks it faces and the insurance policy it should take.

 

[Dean1]

A company's insurance needs may vary depending on the scope and intricacy of its business activities within its sector. Greater coverage, higher liability limits, and specialized insurance products might be needed by larger businesses with diversified operations, a global presence, and more revenue streams.