From the agents feedbacks, majority if not all the Insurers in town are reluctant to underwrite the fire risk involving furniture manufacturing plant and other timber related risks. Retail businesses such as furniture shops and furniture show rooms are not spared from exclusion either.
There are big businesses and big premiums from such risks floating in the market but unfortunately there are no takers with Insurers fearing that a major claim could wipe off their underwriting profits?
Any solutions?
If there is a will, there is a way......question is HOW to do it?
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