Main role of insurance is in business. Because the role of insurance is more in risks and risks is always is in risks. Insurance generally mean to insure and protect from risks.
In business now a days it is so risky u donot know about is your business will work or not your goods is safe or not. it is common said that "More Risks More Profit" for earning profit you have to take a lot risk in business. you need to control risks or minimize that risks my doing insurance. like fire insurance for safety of good, insurance in transit for goods properly deliver. in account we take insurance in transit expense in cost of goods by adding it. that mean it is necesery in purchasing of goods. for goods safely deliver to its destination.
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