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.
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.
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Currently Ukrainian society has faced to tendency towards healthy way of life. Although it is still not as popular as in Europe where healthy food and physical attractiveness have become necessary attributes of successful businesspeople, the growing popularity of sports clubs looks very promising.
A few weeks ago I happened to attend lecture delivered by the well-known businessman which lasted nearly three hours. It later spurred me to create this manual containing my thoughts on what should be included in a speech in order for it to be of value to the listeners.
It’s a known fact that cash, jewellery and art objects are usually excluded from the coverage under regular property insurance policies. However they can be insured subject to specific terms and conditions. That’s what Vitaliy Lebedovskiy, partner at BritMark, is sure of.
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.
#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