INSTITUTIONAL FOUNDATIONS OF BUSINESS RISK INSURANCE

In this article, we will look at the concept of risk in business, identify the types of risks, and explore the methods and approaches used to analyze risks. The article develops proposals and recommendations for improving the institutional framework of relations to minimize business risks. Business risk is the possibility of incurring losses or obstacles to achieving your goals. Business risks include all negative circumstances in the field of financial transactions, production of goods and services, as well as their sale.