Articles
Accreditation insurance
  • USD
  • EUR
  • RUB
Average exchange rate*

?

NBU exchange rate*

?

Average exchange rate*

?

NBU exchange rate*

?

Average exchange rate*

?

NBU exchange rate*

?

BritMark at a Glance
24.1 UAH, mln
Total amount of indemnification paid for 1029 of clients’ claims settled by our Indemnity Department
О BRITMARK
* источник курсов www.minfin.com.ua

3 Biggest Mistakes in Insurance Policies Which Result in Indemnity Denial
Cargo Insurance
Contractors’ All Risks Insurance
Liability Insurance
Real Estate Insurance
War/Terrorism Insurance
Business Interruption Insurance
Agricultural Insurance
Environmental Insurance
Collateral Insurance
Leased Property Insurance
Other

Concluding insurance agreement should be aimed, in the first place, at receiving indemnity in case of unforeseen circumstances. Imagine the Client’s distress if the insurance company denies indemnity or pays for the damage only partly.

794
Underinsurance: Cost-Cutting at a Heavy Price
Cargo Insurance
Contractors’ All Risks Insurance
Liability Insurance
Real Estate Insurance
War/Terrorism Insurance
Business Interruption Insurance
Agricultural Insurance
Environmental Insurance
Collateral Insurance
Leased Property Insurance
Other

Lately there have been some developments in the sphere of issuing loans to businesses secured by pledged property assets. Though the process is not as speedy as some of companies would have wished, that is still a positive trend for the economic revival. Typically enough the majority of lenders view the compulsory insurance required under the mortgage agreements as the unintended expenses. Therefore only the slight share of attention is paid to considering and negotiating the most favorable insurance terms and conditions instead of using the insurance policies as the tool to minimize the entrepreneurial risks.

872
Foreign-Currency Denominated Insurance Policies
Cargo Insurance
Contractors’ All Risks Insurance
Liability Insurance
Real Estate Insurance
War/Terrorism Insurance
Business Interruption Insurance
Agricultural Insurance
Environmental Insurance
Collateral Insurance
Leased Property Insurance
Other

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.

929

If you have any questions or need more information, please contact our media coordinator

press@brit-mark.com
Nuances of Insuring Goods and Inventory by Retail Chains
Collateral Insurance
Other

Goods and inventory are the key assets of retail chains if not the only ones they build their business upon. Loosing them can be equal to going bankrupt. It’s no wonder that a great number of leading retailers in Ukraine have long ago discovered insurance as the effective means of transferring their risks and using insurance policies as the safety bag on the regular basis. Such responsible attitude towards business serves as an example for other companies in this sphere.

628
From Fear to Confidence: How to Stay Calm During Crisis
Cargo Insurance
Contractors’ All Risks Insurance
Liability Insurance
Real Estate Insurance
War/Terrorism Insurance
Business Interruption Insurance
Agricultural Insurance
Environmental Insurance
Collateral Insurance
Leased Property Insurance
Other
CASCO Insurance
MTPL Insurance
European Accident Statement

The base in the the word “insurance” means “fear” in Ukrainian and “sure” in English. It well may be that this etymological difference defines the different attitude towards insurance as the whole. In Ukraine people insure to get rid of fear while in the Western Europe or the USA they insure to ensure their confidence in what tomorrow brings. Nevertheless the profound understanding of the benefits of insurance as an effective means of securing financial welfare is gradually catching on. This is especially evident in the period of economic downfall. The statistics back up this trend showing that the number of insured events increase during the crisis years. Below are the grounds for this pattern.

707
Why Does Insurer Need to Know That Much About Your Company?
Cargo Insurance
Contractors’ All Risks Insurance
Liability Insurance
Real Estate Insurance
War/Terrorism Insurance
Business Interruption Insurance
Agricultural Insurance
Environmental Insurance
Collateral Insurance
Leased Property Insurance
Other

Frequently our clients resent the fact that they have to fill in the questionnaire of insurance company to get quote for peculiar types of liability insurance.

824
List of Insured Property: Things You Should Know to Receive Indemnity without Delay
Real Estate Insurance
Collateral Insurance

The truth is that in a moment of concluding an insurance agreement a simple error in wording can jeopardize the successful claim settlement in case of an insured event. For example, the “Property Insured” clause in the policy can vividly prove the immense importance of trifles.

641