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INSURANCE-WHY SPEND THE MONEY?
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Insurance is about risk management. Businesses pay others to share in the risk of loss. What does it cost? depends on many factors in the business but it certainly is correlated the the amount of risk the business wants the insurance company to take. When evaluating the cost of the shared risk, one needs to calculate the risk-return relationship. More about managing and running a small business at www.learningcenterforbusiness.com