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What is fire insurance? explain the importance of insurance for business. ​

User David Mann
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Fire insurance policies provide payment/reimbursement for the loss of use of the property as a result of a fire. This includes any accidental fires.

Insurances are of importance to a business as they help aid in covering any property damages and liability claims. Without insurance, the business is responsible for any damages and has to pay out-of-pocket for everything needed, which are quite costly.

User Merril
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