ASSET RISK MANAGMENT
In a business, the well being of your assets are very crucial. Properties such as shop lots buildings, stocks of products, transport vehicles and stocks, machineries are just some of your wealth generating assets which may be in risk of damage or loss.
Your assets may be vulnerable to natural disasters such as flood. An accident may occur in your shop lot causing an explosion or a catching on fire. Your assets may also be subjected to theft and burglary.
If any of these occur, though you may not be able to recover your assets, you could recover your financial loss.