In: Insurance Explain importance of insurance to businessman? Explain importance of insurance to businessman? Insurance to Businessman 1 Answer afaq 97 Questions 67 Answers 3 Best Answers 18 Points View Profile afaq Added an answer on March 12, 2020 at 5:52 am Importance of Insurance to Business Insurance Helps to Get Loan to Business When the Business has insurance then getting the loan make easy because it creates faith on loan provider. Insurance also increases the goodwill of the business. Insurance Make Social Co-operation Easy The burden of loss is divided into many persons. That makes the insurance social co-operation. Click Here: Importance of Insurance to Society. 0 Reply Share Share Share on WhatsApp Share on Facebook Share on Twitter Share on LinkedIn Sorry, you do not have a permission to answer to this question.