To reduce the risks of overseas trading, companies
A)built larger ships.
B)bought insurance.
C)created the capitalist system.
D)conducted most of their commerce by land.
E)attacked one another's ships.

Question

Quizplus · Accepted Answer

Buying insurance was a common practice among companies to mitigate the financial risks associated with overseas trading. Insurance policies could cover losses due to shipwrecks, piracy, and other perils, making it a crucial tool for businesses engaged in international trade.

To Reduce the Risks of Overseas Trading, Companies