(a)        List any five types of insurance policies a business can take.
(b)        Explain five benefits of insurance to a businessman.

observation

Candidates performance in part of the question was above average.  But some of the candidates performed poorly in part (b).  The following points were expected from the candidates on part (b) of the question.

1. The regular payment of premium serves as a compulsory saving for the insured.
2. Insurance gives confidence to the insured to venture into large scale business without fear.
3. It reduces the tax liability of the insured etc.