Cutting edge-science2022 Shawnee, usa

 
 
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ISBN 978-1-64945-234-4
DOI
https://doi.org/10.5281/zenodo.7509018
9 
CUTTING EDGE-SCIENCE 
2022 Shawnee, USA October 
Small business insurance 
K.D.Karimova TFI applicant 
Abstract: In the modern world, the development of small and medium-sized 
businesses is a necessary condition for solving a set of socio-economic problems, 
namely: the transition to an innovative type of economic development, saturation of 
the market with goods and services, increasing the level of employment and well-
being of the population, replenishing the budgets of different levels through tax 
revenues, developing competition, increasing flexibility and adaptation of the 
economy. 
Keywords: Small business insurance, types of insurance, development of 
small business. 
In the conditions of modern economy, the development of small business in 
Uzbekistan is becoming one of the main priorities of state policy. Small enterprises 
form a kind of market infrastructure, create a competitive environment. The stability 
of the positions of small businesses and their active participation in entrepreneurial 
competition indicates the possibilities of strong opposition to the monopolization of 
the market. The advantages of a small enterprise include: a small initial investment 
of capital; no need for large working capital; orientation to current profit; the ability 
to respond quickly to supply and demand; efficiency of meeting the needs for goods, 
works and services; smaller, in comparison with large enterprises, management 
apparatus; extensive use of local raw materials, as well as production waste. 
Among the disadvantages of small business are high risks and a limited 
resource base. Risks are usually associated with the possibility (or probability) of 
loss or income [1]. 
Running a small business without an integrated view of the associated risks is 
very dangerous. The risks of small enterprises are the highest at the beginning of 
their activities [2]. According to statistics, in the first two years, 40% of the created 
enterprises cease to operate, and after ten years only 20% remain "afloat". [3]. 

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ISBN 978-1-64945-234-4
DOI
https://doi.org/10.5281/zenodo.7509018
10