Which of the following best describes the strategic imperative of business insurance in safeguarding growth and resilience?
a. Business insurance primarily focuses on reducing the operational costs associated with hiring additional staff.
b. Business insurance helps in mitigating financial risks, protecting assets, and ensuring continuity, thereby supporting growth and resilience.
c. Business insurance mainly provides tax benefits and is used to enhance employee benefits packages.
d. Business insurance solely serves as a marketing tool to attract new customers and improve brand image.
e. Business insurance is primarily concerned with compliance and meeting regulatory requirements.