Page 8: Conclusion
All business involves risk, and so business owners need to protect themselves through insurance which will pay out if the events covered by the policy occur. This helps the business to continue to trade.
Lloyd's allows businesses to buy cover against risks in a way that suits their needs. Lloyd's underwriters specialise and compete against other underwriters so the client's needs are best met. The market place at Lloyd's facilitates trade between buyers and sellers of insurance.