Risk is involved in almost every kind of deal or project. We do everything on the basis of risk. When it comes to business, the basis is always laid by risk. That’s why organizations always worry about the risk process and they look for solutions for …
Insurance is a contract between two parties the insured and the insurer. Certain elements in this contract must be present in order to make it legally binding and enforceable. It is, therefore, argued that the following are different principles of insurance. Utmost Good Faith Insurance contract …
Meaning & Definition of Insurance Hall defines insurance as “contract in writing whereby one party called the insurer, agrees in consideration of either a single or a periodical payment called the premium, to indemnify another party called the insured, against loss or damage resulting to him …
What is Business Risk When someone is running the business whether it is small or large scale, entrepreneur must understand business risk. Business risk is a major tool for investors with the help they decide whether to invest or not. Every business face risk but it …
The main causes of business risk are as under: 1. Natural Factors There are certain nature factors like floods, earthquake etc. which can damage the business. For human beings nature is uncontrollable, so any loss due to nature calamities is unavoidable and uncontrollable. 2. Competition When …