Why a tailored insurance strategy is important for MSME to tackle risks and grow

Quick Summary:

Small businesses face a host of challenges such as supply chain disruptions and cyber security risks.

This makes it necessary for them to have tailored insurance solutions to safeguard themselves.

Similarly, when a small graphic design firm experiences a ransomware attack, cyber risk insurance would help cover the costs of restoring data, dealing with legal issues and communicating with clients — safeguarding the firm from potentially devastating financial setbacks.“Consider a boutique clothing store that depends on shipments from overseas.

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Article Details

Author / Journalist: Ashish Pandey

Category: Business

Markets: IndiaBangladesh

Topics: Go digit general insurance Insurance strategy Tailored insurance MSME Cyber security insurance Business interruption insurance

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-30 @ 10:42:30 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: economictimes.indiatimes.com

Language: English

Article Length: 1545 words

Reading Time: 9 minutes read

Sentences: 38 lines

Sentence Length: 41 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Economic Times

News ID: 22785543

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About Economic Times

Main Topics: Business

Official Website: economictimes.indiatimes.com

Update Frequency: 10 posts per day

Year Established: 1961

Headquarters: India

News Last Updated: 3 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #84

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