THE ROLE OF INSURANCE IN MINIMIZING BUSINESS RISK IN SMALL AND MEDIUM SCALE ENTERPRISES
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ABSTRACT
This study is on the role of insurance in minimizing business risk in small and medium scale enterprise, which has been an immense area of research, research questions were defined and sufficient literature was reviewed up to date on the previous research that other scholars have undertaking. We use questionnaire for collection of data.
In this work we found out that business risk(s) exposures were identified and classified under three main themes; the level of insurance patronage was relatively low; however, insured businesses derived various benefits under the insurance covers.
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