INTRODUCTION TO ENTREPRENEURSHIP
TYPES OF ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Companies spend money on insurance:
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because the IRS requires companies to show proof of insurance when they file a tax return
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because companies want to protect themselves from different types of risks, for example like property damage
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because investors require property insurance on a company’s headquarters
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because insurance helps companies increase revenues, for example online sales
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Explanation:
Detailed explanation-1: -What is an Uninsurable Risk? An uninsurable risk is a risk that insurance companies cannot insure (or are reluctant to insure) no matter how much you pay. Common uninsurable risks include: reputational risk, regulatory risk, trade secret risk, political risk, and pandemic risk.
Detailed explanation-2: -Financial and reporting risk, e.g., market, tax, credit. Compliance and governance risk, e.g., ethical, regulatory, international commerce, privacy. Operational risks, e.g., information and technology security and privacy, supply chain, labor issues, natural disasters. More items •29-Sept-2022
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