Lately there have been several major losses in Ukraine associated with the insured events such as fire in the DataLux warehouse in December 2007 ($ 39 mln worth of indemnity), gas explosion in “Azovstal” facility ($ 31 mln worth of indemnity), or fire in the “Eldorado”’s warehouse in August 2010 ($ 11.6 mln worth of indemnity). The gross volume of indemnities paid totaled to hundreds millions of dollars. Nonetheless many companies purchasing insurance policies are not happy with their coverage. The main reason for it that Ukrainian culture of insurance is not as developed as in mature markets. Let’s try to analyze the main flaws of the insurance that worry the clients.
Insuring vehicle fleets in the insurance companies which do not only offer the best rates but also guarantee speedy repair is a must for big vehicle fleets’ owners. Indemnity denial as well as the significant breakdown time brings about similar losses since vehicles often are the capital goods for such companies. Below are the key aspects that should be considered before signing insurance agreement.
What aspects should HRs pay attention to when concluding corporate health insurance policy for the employees?
There are some standard mistakes in corporate property insurance which are made not only by novices in this field but also by those who’ve been drafting property insurance policies for several years now.
Last year saw a significant development bound to have major political and economic effects on the welfare of Ukraine. That is signing EU-Ukraine Association Agreement that was carried out in two stages – one in March 2014, another – in June 2014. To enjoy the benefits agreement promises to our country’s long-term development Ukraine assumed responsibility to undertake a number of structural reforms and implement certain legislation in order to harmonize the legislation in several spheres of economy with that of the EU.
Katerina Shum offered 5 tips in favor of reconsidering the sum insured prior to corporate insurance policy renewal.
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