Question:
“Accidents are unexpected and destructive.” Do you agree with this statement? In this context, state two points of importance of Fire Insurance Policy to the business.
“Accidents are unexpected and destructive.” Do you agree with this statement? In this context, state two points of importance of Fire Insurance Policy to the business.
Updated On: Dec 16, 2024
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Solution and Explanation
Financial Protection: Fire insurance compensates for losses due to accidental fire, helping businesses recover.
Risk Coverage: It provides coverage for damages to property, goods, and machinery, ensuring continuity of operations.
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