Back to Course

SS2: COMMERCE - 2ND TERM

0% Complete
0/0 Steps
  1. Marine Insurance | Week 1
    3 Topics
  2. Non-insurable Risks | Week 2
    4 Topics
  3. Banking - Central Bank of Nigeria | Week 3
    3 Topics
    |
    2 Quizzes
  4. Types of Account | Week 4
    4 Topics
    |
    2 Quizzes
  5. Warehousing | Week 5
    1 Topic
    |
    1 Quiz
  6. Capital | Week 6
    2 Topics
    |
    1 Quiz
  7. Credit | Week 7
    3 Topics
    |
    3 Quizzes
  8. Profit | Week 8
    2 Topics
  9. Turnover | Week 9
    3 Topics
    |
    2 Quizzes
  10. Business Law | Week 10
    8 Topics



  • Do you like this content?

  • Follow us

Lesson Progress
0% Complete

1. Insurance alleviates (reduces) risks that are inherent in businesses through the process of pooling of risks.

2. It confers creditworthiness on businessman because the banks accept their insurance certificate as collateral for a loan.

3. Premiums paid to insurance companies are a source of capital for investment to the insurance companies.

4. It boosts the confidence and security of businessmen to explore the uncertain future of business.

5. Insurance promotes bilateral and multilateral trade.

6. It gives an indemnity to the insured and the third party in the case of loss due to vehicle accidents.

7. A life assurance policy can be used as collateral for bank loans.

8. Insurance indemnifies unforeseen risks which makes it indispensable to trade.

Responses

Your email address will not be published. Required fields are marked *

back-to-top
error: