Sakthi Prabhakar

1. Financial Security

Insurance is essential because it provides financial protection and peace of mind against unexpected events. Here’s why we need it:

• Covers losses from accidents, illnesses, or disasters.
• Prevents financial strain on individuals and families.

2. Risk Management

• Helps businesses and individuals manage uncertainties.
• Reduces the impact of unforeseen risks like theft, fire, or lawsuits.

3. Legal Requirements

• Some types, like auto and health insurance, are mandatory in many places.
• Helps comply with laws and avoid penalties.

4. Health Protection

• Covers medical expenses, reducing out-of-pocket costs.
• Provides access to better healthcare facilities.

5. Wealth Preservation

• Protects savings from unexpected expenses.
• Ensures assets like homes and cars are covered in case of damage.

6. Business Continuity

• Helps businesses recover from losses and liabilities.
• Ensures employee protection through worker’s compensation insurance.

7. Peace of Mind

• Knowing you’re covered reduces stress and anxiety.
• Allows you to focus on life and business without constant financial worries.