WHY INSURANCE

why do we need insurance

Insurance is important because it can help protect you, your family, and your assets from financial risk. It can also help you recover faster after an accident or disaster by providing financial assistance. Some reasons why insurance is important include:

Financial security - Insurance can help provide financial stability during potential losses, such as death, disability, or other scenarios.

Emergency assistance - Insurance can help cover the costs of emergencies such as house damage, car accidents, and hospitalization.

Peace of mind - Insurance can relieve the stress of seeking financial assistance if something were to happen.

Prevent monopolies - Insurance can help prevent monopolies from forming by providing support for smaller businesses to take risks.

Manage medical costs - Insurance can help manage the costs of medical emergencies, hospitalisation, and treatment.

Liability coverage - Liability coverage in business insurance can help protect a business from bankruptcy.