Insurance protects businesses from financial losses caused by unexpected risks. It is governed by principles such as ( Uberrimae Fidei ), Insurable Interest , and Indemnity . You must learn to differentiate between non-insurable risks (like loss of profits due to bad management) and insurable risks (like fire, theft, and marine damage). Warehousing
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Wholesalers break bulk. They buy in massive quantities from manufacturers, store the goods in warehouses, and sell them in smaller batches to retailers. They provide vital credit facilities and market information to both producers and retailers. 3. Aids to Trade 3. Aids to Trade