Why Should SMEs Invest In Business Insurance?

Why Should SMEs Invest In Business Insurance?
Mohit Pachouri
Tue, 07/05/2022 – 10:24

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The Times of India

News Date
Tue, 07/05/2022 – 12:00

The contribution of micro, small and medium enterprises t0 GDP is over 37% per annum and the sector employs over 11 crore people all over the country, with a market opportunity of over $40 billion. This is one of the most significant sectors in the country today, which needs enormous financial boost and protection. Insurance companies too have identified, over the years, the fact that SMEs form a huge potential market in the country.

Running small businesses have their own demands and challenges, some of which are financial risks, strategic risks, reputation risks, liability risks, business interruption risks, and security risks. When an SME is setting up a company, cash flow is one of the foremost concerns, followed by the business plan and business strategies

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