The Role of Insurance in Managing Agricultural Hazards

Abstract

The agricultural sector is one of the most dangerous areas, so the economic activity of agricultural enterprises is always under the influence of risks. Typically, rural entrepreneurs avoid making decisions in situations of danger, except when high incomes are possible. It is widely known that high income is directly related to high risk levels. Therefore, there is a need to organize the proper management of hazardous, as well as high-income situations.