Awareness seminar on the importance of insurance for knitwear industry organised in Tirupur

An awareness seminar on the importance of insurance for the knitwear industry was held at the Tirupur Exporters' Association office. The seminar, organized by United India Insurance, highlighted the benefits of insurance for knitwear manufacturers and exporters in Tirupur.
The knitwear industry in Tirupur faces various risks, and insurance can provide financial protection against unexpected losses. The seminar emphasized the need for insurance coverage for buildings, machinery, raw materials, and finished goods to safeguard businesses.
A recent example was shared where a knitwear company that suffered a fire loss received an insurance claim of Rs.6.50 crores within three months, demonstrating the advantages of proper insurance coverage.
The seminar aimed to raise awareness among knitwear exporters about the importance of minimizing risks through insurance and ensuring business continuity