1. read the following scenario and answer the question in 5-10 sentences.

you are the ceo of a fine furnishings, inc., a small business that manufactures and sells custom-made, high-quality traditional wood furniture for homes and offices. highly skilled craftsmen hand-build the furniture using a special historically-accurate process familiar to only a very few furniture experts. you know that purchasing insurance would enable you to transfer various risks to the insurance company in exchange for the premium paid. there are various types of insurance, with some insurance classifications being more useful to a small business than others. select at least three relevant types of insurance for fine furnishing, inc. and explain the implications of having these insurance policies for your business.