The approach to defining political risks insurance is quite different from other insurance products. It’s worth mentioning that political risks insurance can refer to two different notions. What are those and what do they mean?
Considering the recent developments in logistics sphere which have been leading to market consolidation a lot of operators are looking into possible ways of transferring some of their risks to the insurance companies. However it is essential that the insurance product be chosen accurately with regard to the extent of coverage, as well as with regard to justified cost.
Who and under what circumstances is entitled to them? Constant currency exchange rate fluctuations keep adding to the growing uncertainty in what tomorrow brings. Since the insurance in its essence is aimed at bringing confidence, the issue of concluding insurance agreement denominated in foreign currency has been coming up pretty frequently lately. The main purpose of such policies is to guarantee that the indemnity, just like the insurance premium, will be paid in the foreign currency as well. This article is called to review the provisions under which entities operating in Ukraine can count on using the benefits of foreign-currency denominated insurance agreements.
This article might be of use for those who have little experience in health insurance or do not understand completely the essence of price determination on this kind of policies. If you are an employer considering conclusion or renewal of health insurance agreement for your employees, you’d want to know about the factors which influence the price of the policy. They are briefly reviewed below.
When making a decision to purchase CASCO insurance policy it’s worth remembering that it serves as the means of protecting your vehicle from almost all kinds of unforeseen circumstances. Sometimes even those which an Insured can’t imagine. It’s not reasonable to evaluate whether or not CASCO insurance is worth paying for based on the relation between the insurance premium paid and indemnity received during the term of the agreement. Insurance allows predicting your expenses, including unexpected ones, in the first place. That’s the core purpose of such kind of insurance.
There are a few insurance products in the Ukrainian market which are tailored to the needs of agricultural companies. Rational use of them all can provide the safety bag intended to offset the repercussions of unforeseen circumstances since the losses are to be covered by an insurance company.
Successful claim settlement depends mainly on your careful consideration of insurance coverage options available in the market. The choice should be defined primarily by your business needs.
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