What are the types of major business risks? How they affect in to your business?

The major types of business risk falls under three categories such as 1. Crime, 2. Fire and 3. Health and safety. These three category having lot of associates risks involved in business. So, now let's see how they affect in to your business.  

1. Crime: Mainly the word comes from “theft” out of loss of companies valuable equipment or stock. As we know the threat of violent or assault may show us crime, crime is the basic source of most troubling losses of concerned companies wealth.
2. Fire: Sources of fire may occurred from carelessness or an unexpected accidental cases. If you have insurance policy then you can save your losses of your capital. If you don't have any insurance policy against your company wealth or products then may I request you to contact with prominent insurance company right now? I am sure it will assist you from unexpected accident like fire.
3. Health and safety: Health and safety is a different major risk of your business organization, so when your policy ought to cover injury to third parties then your companies workers compensation policy shall cover your workers or employees injury.   

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What is business risk?

Definition of Business Risk:

A business risk means a factor or conditions which may have a negative impact on the profitability or operation of a concerned organization. Also a business risk may be result of internal conditions or some external factors which can be marked in the wider area of business society. On the other hand, when a company does not have adequate cash flow to meet its operating expenses is called business risks.