Urban Unorganized Sector Enterprises' Access to Insurance Services in Assam

A majority of the unorganized sector enterprises are meant for sustaining the livelihood of the entrepreneurs' households. So, any problem in such business activity may adversely affect the income of such households. The insurance coverage of these enterprises may reduce such risks. Motivated by this point, this paper, based on primary data collected from a customized sample survey, tries to examine the urban unorganized enterprises' access to insurance services in Assam. A majority of the sample entrepreneurs have access to life insurance services. However, access to business insurance is not satisfactory. A logit model is estimated for the determinants of urban unorganized enterprises' access to business insurance. The results show that turnover, registration, and value of fixed assets and equipment of the enterprise, and level of education of the entrepreneurs have a positive impact on its business insurance coverage.