Kathlyn Jambalos

BSBA FM 3

Project in Business Finance

The reasons why asher store are not insured first is lack of awareness this is the one reason
could be that the store owner is not aware of the importance and benefits of having insurance
coverage. They may not fully understand the potential risks and liabilities associated with
their business operations, and therefore do not prioritize obtaining insurance. Second is cost
considerations insurance coverage can come with a cost, and some store owners may choose
not to invest in insurance due to financial constraints. Lastly is risk assessment taht could be
that the store owner has assessed the risks associated with their business and believes that
insurance is not necessary. They may feel confident in their ability to manage and mitigate
potential risks on their own, or they may believe that the likelihood of certain risks occurring
is low.