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.

Employer’s Liability Insurance is a very popular product in the world. In some countries such as the UK, it is even compulsory for companies of particular fields since 1969. However in Ukraine only a few companies have such insurance though some experts believe in the demand for it to grow in the nearest future, given national prospects for European integration.

Sad as it may sound adequate coverage for doctors’ professional liability insurance can hardly be found in Ukraine.

Valid property insurance does not guarantee that the indemnity will be paid in due course if your own employees do not know the basic steps they should take in case of an insured event. That is the conclusion we came to in the course of handling multiple real-life claims settlements.

Starting from October winter crops insurance in Ukraine becomes a burning issue for a few principal players in the agricultural market. We say “a few” as the high cost of this insurance product makes it unaffordable for the majority of companies in this field let alone small farms. The insurance rates are in turn driven by significant risks associated with the agricultural activities and by overall unprofitability of agriculture.

In Ukraine tax rate for VAT is broken down into three categories: 20 % default rate, 0 % special rate (e.g. for export operations) and 7 % preferred rate for some kinds of operations (e.g. pharmaceuticals trade), all specified under the current Tax Code of Ukraine