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As an international entrepreneur, you face risks every dayyou do business. The cargo you're exporting could fall offthe ship, or it might get stolen in transit. Or maybe a customerwent out of business and didn't pay for the last shipment youdelivered. Even acts of nature can throw a wrench into an otherwisesmoothly functioning global business. So if you haven'talready, it's time to consider whether or not you'reprepared for what the future might bring.
Insurance offers protection, peace of mind and much more."The reason you use [insurance] to mitigate risk is so you canincrease your business," says Jeffrey Meyer, director ofinternational trade programs at Wright State University in Dayton,Ohio. "It's a means by which you can go into more riskymarkets to get more business, and that makes your business morecompetitive."
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