General insurance is an important part of the economy as it:

Question

Quizplus · Accepted Answer

General insurance provides protection against various risks such as fire, theft, accidents, liability, etc. It enables individuals and businesses to reduce their risk exposure, thus promoting economic growth and stability. It also benefits society by safeguarding individuals' homes, vehicles, and other valuable assets. General insurance helps to encourage investment in particular activities by managing and mitigating associated risks. Therefore, all of the given answers are correct.

General Insurance Is an Important Part of the Economy as It