HOW BUSINESS OWNERS CAN DECIDE ADEQUATE INSURANCE COVERAGE
As prospective business owners, it is very vital that they put into consideration the insurance coverage of their business in the planning stage of the business. So many business owners in The United Arab Emirate most especially the Real Estate business owners failed to recognize the importance of insuring their business before they get started. They see it as unnecessary or too expensive to run and as a result of this, they cause more harms to their business than they think. According to the survey conducted by Souqalmal.com (2015), they discovered that 86 per cent of the UAE don’t have home content insurance. In the survey, almost 45 per cent consider it to be not a primary issue. To be successful in the real estate business as a properties owners or a broker you need to consider the insurance policies that are necessary to your business to have a strong retention and fast growth in your business.
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