Profit and loss is always a part of the mind of an entrepreneur or businessman. Of course, based on economic principles, an entrepreneur will strive to get optimal profits by using the minimum amount of capital. But in practice, business or business is not always sweet fruit. Although there is a formula that says that success is the result of hard work and unyielding spirit, there is one factor that also determines luck.
No matter how hard you try, but if luck is not with you, then your business might be in vain, the results are not optimal, or even you will lose money. This is where you have to look at insurance as an alternative to overcome losses. If you are interested, which you should feel interested in, you can continue reading about this kind of insurance.
Maybe you have often heard about how many entrepreneurs are out of business. This can be caused by various factors. The saddest thing is how the collapse occurs not because of its own fault but because of external factors. Take for example how you choose a career to become an entrepreneur. You have prepared capital. You have rented a place of business. Then you have bought your business assets and you put them in your place of business.
But because luck is not with you, trivial shorting of electricity can cause your business to burn and your assets run out. Such losses are more than enough to make someone frustrated especially if the business is medium and large. Imagine how much money is on fire. If that really happens to you, what can you do? Maybe you can go crazy. But it's not the case if you already have loss insurance before. This kind of insurance is intended for entrepreneurs and serves to minimize financial losses that might occur related to the business being run.
In addition to protecting business assets, loss insurance can also be a powerful way to overcome losses that might occur in a project. Take an example of how you work with other parties or entrepreneurs in running a large-scale project. Of course there will be enough money involved in the project. If there is no insurance that will cover the possible losses, it will be very risky. If indeed the project being run does not provide optimal results or even losers, what about the money that has been invested? Here is the function of insurance mentioned above.
Loss insurance will compensate a sum of money to cover the financial losses that occur in your business. As an entrepreneur, of course this is very profitable because you really can run a business without having to be afraid of losing a lot of money. Even if your business doesn't work, it's nothing to lose. Isn't running a business without risk always being something that every entrepreneur desires?
Indeed there are a number of money called premiums that you must pay regularly to insurance companies. But the money is very little compared to the financial benefits and "security" that you can get. Take the example of premiums that you have to give for your insurance losses of Rp. 1 million per year to "cover" your project that is worth billions. Even though the premium is accumulated in the amount of your premium payment period, it will still be worth less than the amount of compensation you will get if indeed the loss occurs to you. Interesting right?