Importance of Insurance

Importance of Insurance

Image credit anu.edu.au

Image credit anu.edu.au

ZIMSEC O Level Commerce Notes: Importance of Aids to trade: Insurance

Insurance

  • Provides health insurance cover through medical aid scheme and covers:
  • against risks of loss of goods due to fire or theft
  • employees at work through employer’s liability
  • goods in transit
  • embezzlement of funds through fidelity guarantee policy.
  • Bad debts through ECGD or ECGC.
  • Motor vehicles, premises and equipment.
  • Loss resulting from an insured loss through consequential loss.
  • Instills confidence in business.
  • Provides compensation or indemnity when loss occurs.
  • Provides health insurance cover through medical aid schemes.

To access more topics go to the Commerce Notes page.

By |2017-01-17T11:18:28+00:00August 7th, 2015|Notes, O Level Commerce Notes, Ordinary Level Notes|1 Comment

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He holds an Honours in Accountancy degree from the University of Zimbabwe. He is passionate about technology and its practical application in today's world.
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