• back
  • 3.6.8-COTTON MARKETING-INSURANCE IN AN UNCERTAIN WORLD

  •  
  • Insurance in an uncertain world

    Chapter 3 - Cotton marketing - Insurance in an uncertain world 

     
     
    This section discusses a range of insurance issues with reference to the dynamic and challenging nature of the cotton industry. Growers, ginners, financiers, merchants or spinners, should all find that the topics covered assist in developing a greater understanding of how insurance works.

    There are three key principles involved in understanding the fundamentals of insurance: risk, indemnity and utmost good faith.