Why Businesses Buy Insurance

Businesses spend substantial money on insurance to protect their assets. The loss of assets costs them money, and the insurance is a hedge against those costs. If they suffer property damage, it will cost money to replace that property, and if the property is necessary to the business's operation, it will cost them in down time, as well. Businesses need to protect against losses to preserve both their assets and their cash flow. An emergency that requires a huge influx of cash to correct can derail a company that might otherwis

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Approximate Word count = 485
Approximate Pages = 2 (250 words per page)

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