Let’s be honest – do you, like the majority of other company owners, usually see paying for insurance policy as incomprehensible, still necessary, expenses but definitely not as purchasing effective financial instrument? It may be one of the reasons why, if you sign an insurance policy without reading it, you end up with expensive stack of paper instead of effective insurance coverage. Interestingly enough, you never fail to read every bit of the credit agreement closely, don’t you?

Insurance policy is usually concluded for the term equal to one year. However there is a possibility that the insurance rate will be increased for the renewed policy while the insured has hoped to receive the lower rate considering the absence of insured losses during the year. Normally you can save 3-5 % each year if no insured event took place.

The past two years have seen our state as one of the leading newsmakers, with the world’s media displaying breaking headlines uncovering more and more of dramatic twists and turns in our nation’s history.

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.