Business insurance for better credit standing
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Business insurance for better credit standing
Posted: Nov 17, 2010 |Comments: 0
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Insurance is a form of risk management. The risk of an individual or a company is transferred to an insurance company through a contractual agreement. The insurance company agrees to pay a fixed amount in case of any unfortunate instance as a compensation to take care of the expenses which occur due to event. The risk is covered for a premium which is fixed and the policy buyer has to pay it in return for the assurance.
Every business establishment has uncertainty and risk in one form or the other. Business insuranceis inevitable for every business enterprise. Insurance is a form of contract
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