Insurance is an inevitable thing in the modern businesses. The requirement to obtain insurance is just like a legislative thing. The reason is simple. There are millions of incidents in past whereby some damage is received by the precious and expensive assets of the companies. Since these companies have spent large amounts of cash flows in order to acquire them, they do not want them to remain risky and insecure. The responsibility lies on the shoulders of the company to provide good security to the assets of the company. But there are events that cannot be restricted or controlled. These events include those that are caused by natural calamities and disasters. Flood is one such event in which millions of worth property is destroyed. In the past few years we have personally witnessed so many of such events happening all around the world. Tsunami, hurricane and other catastrophes have damaged the assets and properties of the businesses and individuals. The assets that were destroyed because of these events included buildings and assets placed within such buildings. So because of these incidents the businesses that had no insurance cover had to bear the losses themselves. Those who had insurance cover were the better off and were able to claim the major part of the losses in the name lodging claim with the insurance companies.
The companies need insurance cover to protect their precious assets. The process of insurance starts when the company who is called in the insurance terminology as insured, contacts the insurer. The insurer is the insurance company who provides insurance cover by issuing insurance policies. The insurance companies work by obtaining millions of dollars in the name of premium. They invest these monies in different investments. When any event is occurred which cause the insured to claim the loss the same is provided by the insurer. The insurer is usually better off because not all the policy holders claim amounts in the name of insurance contract. There are legislative requirement that are to be abide by the insurance companies. The insurance policy is provided usually for one whole year. The companies usually try to match the insurance policy period with the financial year. This is required in order to match the expense with the financial year expenses.
Sports Sponsorship Company is the one which advertise itself in a particular sport. The sponsorship trend is not new and you must have seen the advertisements and sign of a particular product on the shirts and uniforms of players. There are often the placement of the sport manufacturer company signs and logos on the kit of the players. The sponsorship is a nice idea and provides good support to increase revenue. In many cases the displaying of the logo is something becoming a must thing. Some sports are associated with some brand and if the brand is taken off the absence would surely be felt. The sponsorship is less expensive form of advertisement and provides good revenue in return.
SUMMARY:
There are millions of incidents in past whereby some damage is received by the precious and expensive assets of the companies. These events include those that are caused by natural calamities and disasters. Those who had insurance cover were the better off and were able to claim the major part of the losses in the name lodging claim with the insurance companies in Dubai. When any event is occurred which cause the insured to claim the loss the same is provided by the insurer. In many cases the displaying of the logo is something becoming a must thing.
