As away of creating good business environment, Small Medium Enterprise and Prime Insurance Company have signed memorandum of understanding.
Prime insurance says, it understands that Small and Medium Enterprise requires simple .straightforward and cost effective processes when purchasing insurances so they can focus on their interior of the business.
That is the reason we are signing so that we provide good insurance products in simple and cost effective manner to its members to protect their productive assets and self guard their profit,’’ said insurance firms Chief Executive officer Albert Mbawala.
SMES President James Chiuntsi said insurance policy is very important because the enterprise is covered against several risks such theft .personal accident legal liabilities sand electrical appliances.
“Insurance is very significant especially for SMES; larger companies with a lot of reserves can manage recoup in times of disaster and losses while small medium enterprise cannot”, he said