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In accordance with current Ukrainian legislation motor third party liability insurance has been compulsory for all car owners for several years now. However the penalties for not having MTPL insurance policy in your vehicle have been imposed only recently. Let’s see what aspects should be kept in mind when purchasing this kind of insurance.
It’s a common practice to insure against risks associated with transporting cargo especially if the carrier is responsible for international cargo transportation. Any party of the supply chain having any kind of valuable interest in the cargo can act as an Insurer under the insurance policy.
A lot of voluntary health insurance policies stipulate the possibility for the insured to pay for the treatment with being further indemnified by the insurance company for the same amount.
Employer’s Liability Insurance is a very popular product in the world. In some countries such as the UK, it is even compulsory for companies of particular fields since 1969. However in Ukraine only a few companies have such insurance though some experts believe in the demand for it to grow in the nearest future, given national prospects for European integration.
Sad as it may sound adequate coverage for doctors’ professional liability insurance can hardly be found in Ukraine.
Valid property insurance does not guarantee that the indemnity will be paid in due course if your own employees do not know the basic steps they should take in case of an insured event. That is the conclusion we came to in the course of handling multiple real-life claims settlements.
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