Advantages & Benefits of Insurance
- Provides protection and financial continuity in commerce.
- Full cover at a small cost for all parties to a trade transaction.
- Provides peace of mind and security for individuals.
- Guarantees future turnover against physical misfortune.
- Allows safer business expansion.
- Surplus premiums helps to develop economy/industry.
- Supports social welfare and employment.
- Removes need for large cash reserves.