Republic of uzbekistan andijan machine-building institute fundamentals of business management

Uninsurable risk factor 
Many factors contribute to the cost of campaigning in business risk. Factors include 
economic conditions, local factors and business activities. 
Insuring business transactions. 
Any business can suffer financial losses, such as employee injuries, property damage, or other 
losses arising from business operations, and insurance can cover these losses. There are two types 
of business insurance: casualty insurance and liability insurance. 

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Liability Insurance: 
This insurance covers all workplace situations. A buyer may be harmed when setting up a business. 
Covering the product can cause physical damage, various diseases and even death. The employee 
may be unscrupulous, or his actions may harm others. They may suffer from the financial side, 
which may leave them out of business. 
Risk Identification and Management. 
We face risks in business. The risk must be known in advance and the amount to be lost will need 
to be insured. The risk cannot be reasonably avoided, the possible financial losses in business 
cannot be calculated. To prevent it, he becomes a member of an insurance company. some values 
may be covered. In this case, it is necessary to identify and search for other ways to overcome 
these risks. 
Harmful risk factors. 
Several factors can be very expensive for the company. These factors include economic conditions, 
customer demand, competitor actions, technological developments, local factors, and business 
operations. Economic Conditions. When the economic conditions are strong, consumers are 
always ready to switch to spending money on their businesses. When sales are strong and reach a 
profitable level. By increasing the volume of rapid trade and profit in the economy, crisis situations 
can be reduced. A company can reduce production costs and not solve real problems. Leaders 
should carefully study the economy.