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In Business / College | 2025-07-03

The basic purpose of insurance is to provide
A. loans
B. prevention
C. protection
D. liability

Asked by caliban23

Answer (2)

The primary purpose of insurance is to provide protection against potential financial losses. It acts as a financial safety net for individuals and businesses, allowing them to manage various risks effectively. Therefore, the correct answer is option C: protection.
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Answered by Anonymous | 2025-07-04

The primary purpose of insurance is to provide protection against potential financial losses stemming from unforeseen events. Insurance acts as a financial safety net, helping individuals and businesses manage various risks. It encompasses a wide range of coverage options designed for different needs and situations. ;

Answered by GinnyAnswer | 2025-07-04

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