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Offshore Outsourcing – Insurance Against Unforeseen And Unpredictable Events

May12



When the term “offshore outsourcing” is mentioned, most people generally associate it with cost savings and efficiency improvements. Not that there is anything wrong in making such associations, but the point is that do these basic benefits represent all that is there to offshore outsourcing? Well, certainly not because there are many other benefits that can be derived. As an example, we can consider the inherent ability of offshore outsourcing to provide protection against unforeseen and unpredictable events such as hurricanes, earthquakes, etc. Each of these events can easily affect business interests in an adverse manner and since commercial insurance policies do not always cover all of the incurred losses, it makes sense to take proactive measures such as offshore outsourcing.

Some of the world’s best offshore outsourcing hubs are located in developing countries such as India that are relatively safer. As compared to the United States, India has fewer occurrences of natural disasters such as hurricanes, something that provides the country a natural edge. It basically implies that when businesses choose outsourcing hubs located in India, their interests will remain protected no matter how bad the circumstances might be on the other side of the globe. Apart from cost savings and efficiency improvements, it is another good reason to choose offshore outsourcing.



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