The Importance of Property Insurance in Business Continuity and Risk Management
Every business depends on physical assets be it the building, machinery, equipment, or inventory. Protecting such assets is very crucial in ensuring continuity of operations. For instance, factory insurance India would be paramount to the manufacturing ventures as buildings, plant and machinery stock will be protected against damage caused by fire, explosions, and other hazards. Businesses without insurance coverage will have to incur significant financial losses in case of an accident or some of the natural disasters. This is where insurance helps remove such risks so that the business can recover and continue its activities minus those crippling financial losses.
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