Is it a must to insure your business against fire?

AgoraForo - Digital Marketplace & Freelancer Forum

hastral45

Notable
Member
Sep 16, 2022
3,808
323
Dex
$0.000
Raw Dex
$0.000
It is requisite to insure your business against fire. You don't have to wait until fire occur before you get insured. This policy guides against inferno crisis.
 

Bisolami

Very Familiar
Member
Sep 19, 2022
17,833
1,538
Dex
$0.000
Raw Dex
$0.078
It is requisite to insure your business against fire. You don't have to wait until fire occur before you get insured. This policy guides against inferno crisis.
A lot of people do not take things seriously until it happens and it is not good. You need to insure your business because of fire
 

Barida

Unfamiliar
Member
Jun 16, 2022
100
11
Dex
$0.000
Raw Dex
$0.000
In my humble opinion, all companies need to insure them. It will be a big lost if fire happens.
It is a must especially when it is a business that is worth a lot of money. No one should be able to risk their business just for a partly sum that is for insurance.
 

Starmix

Popular
Member
Sep 2, 2022
30,078
3,695
Dex
$4.100
Raw Dex
$0.231
More like insuring anything that is insurable. it will help the insurer in the future
You are so right. We will have less stress and heartache. It is better to be safe than sorry. The amount s not nig for it is not all the time fire occurred, but at least there is something in exchange for what fire takes.
 

Magnus2022

Notable
Member
Nov 25, 2022
4,080
333
Dex
$0.000
Raw Dex
$0.080
It is not a must that you will insure your business. It is not mandatory but it is necessary. Business owners that consider insurance as a waste of money are not been reasonable enough. A lot of crumbled businesses that suppose to be existing today was due to negligence of insurance.
 

Chibson

Well Known
Member
Nov 22, 2022
7,087
435
Dex
$0.000
Raw Dex
$0.000
it is not a must but it is necessary in my own perspective. Insuring your business against fire incidences will actually give you a lot of peace of mind. they can also serve as a source of security for your business.
 

Starmix

Popular
Member
Sep 2, 2022
30,078
3,695
Dex
$4.100
Raw Dex
$0.231
More like insuring anything that is insurable. it will help the insurer in the future
It's a protection against losses and devastations. It's the insurance to shoulder what's stipulated in the insurance policy. But if the cause of fire is intentional the fire insurance won't pay the damages. It only applies after the police blotter report.
 

cherry123

Popular
Member
Sep 5, 2022
27,410
2,610
Dex
$0.001
Raw Dex
$0.100
Yeah it might not be complusory but it is necessary in to sign up for one Insuring your business against fire incidences will actually give one sense of security here.
 

Shavkat

Very Familiar
Member
Sep 7, 2022
13,631
947
Dex
$0.515
Raw Dex
$0.003
It is not the only business to ensure, all our properties, we can ensure ourselves too.
Ideally, companies need to avail insurance. In order for them to insure their companies. They can able to have some money to startup again if their companies burned down. But then, not all companies can avail this, especially the small businesses.
 

LoukiaCharilaou

Notable
Member
Jul 28, 2022
4,208
490
Dex
$0.100
Raw Dex
$0.020
Yes, it is a must to protect your property against complete losses should you not insure your business. It is called Fire Insurance and you will pay yearly to renew your business protection. You will be given pricing according to how much millions would you want your business to be covered for the entire year. One month before the due date, it must be made sure your business is already renewed. You can also insure your self against accidents. Just ask for a quotation from the insuring company of you preference.
I think that it is a must to insure your business against fire because life is so unpredictable. You never know what will happen in future.
 

eldavis

Very Familiar
Member
Sep 4, 2022
14,999
664
Dex
$0.000
Raw Dex
$5.505
The truth of the matter is that it is not a must a business owner should ensure their business against fire, and if you do not do it, no one else would force you, but it is advisable you do so just in case.
 

IB D

Well Known
Member
Jan 6, 2023
5,433
194
Dex
$0.000
Raw Dex
$0.001
As far as you use electricity in your business, it is important to have fire insurance. It might look expensive to buy insurance but it is cheaper when the incident occurs.
 
Back
Top