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[Blaka]

How big a company is makes a big difference in what kind of insurance it needs. Small businesses, because they a re smaller and might not have a lot of money saved up, usually focus on basic coverage like property and liability insurance. This helps protect them from things like property damage or legal issues.

But for big corporations with more employees, lots of assets, and operations around the world, their insurance needs get more complicated. They might need wider coverage, like directors and officers insurance, cyber insurance, and international coverage. This helps them handle risks tied to executive decisions, online threats, and operations in other countries.

Also, the size of a company affects how much unexpected events might cost them. A big corporation, because it has a lot of assets and a strong market presence, can often handle certain risks better than a smaller company.

 

[Deyiang]

Any company that want to survive must always know her limitations because you can not spend more than your capacity.
You absolutely correct on your article small companies will always have plans on areas of things they want to insured on like wise the bigger companies in this case the bigger the company the more issues they have.

 

[abdul001]

As soon as companies begin to expand, there is need for insurance as this will make such company rest assured in making big moves which will make such company move higher and compete with bigger firms.

 

[IB DD]

Regulatory insurance coverage needs is more for bigger companies than smaller ones. Some industries would require much more robust insurance plans for a level of operation than one which is smaller. A refinery would definitely need more insurance by law than a transport company.

 

[Wisdom01]

Any company that want to survive must always know her limitations because you can not spend more than your capacity.
You absolutely correct on your article small companies will always have plans on areas of things they want to insured on like wise the bigger companies in this case the bigger the company the more issues they have.

Yeah true It is crucial to identify areas where a company may overspend or overextend itself and set clear limits to avoid financial strains. Also, it is equally important for companies to prioritize their insurance needs according to their budget and risk management strategies.