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Why can insurance be useful for a small production unit in handicrafts?

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Answer and explanation

Correct answer: For partial protection from losses like fire, theft or accident

Insurance does not remove risk but can support during loss. Exam tip: consider it a safety net.

Related tags

Home-ScienceInsuranceSmall-EnterpriseRisk-Management

Frequently asked questions

What is the correct answer to this question?

For partial protection from losses like fire, theft or accident

Why is this the correct answer?

Insurance does not remove risk but can support during loss. Exam tip: consider it a safety net.

Which subject and chapter does this question cover?

This is a Class 11 Home Science question. Chapter: Work, Livelihood and Career. Topic: Traditional occupations in India - Handicrafts.

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