Investments in assets of companies carries with them other incidental costs. Uncertainty and risk exist in all facets of company business. Mitigating the effects of the risk in business assets and operation is a key component of business management. Determining the coefficients of the risk associated with keeping assets and various business operations require calculated efforts. Therefore, determination of the appropriate insurance policies and accounting provisions require a deep understanding of insurance dynamics and deliverables. Administrative executives who handle insurance related issues and the finance executives who provide and process accounting documentations need to be updated in knowledge of what it takes. Insurance adjusters need to be checkmated otherwise organisations will