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.

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.

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.

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.

Did you know that equipment breakdown caused by its functional defects or faulty operation by the workers either due to lack of professionalism or mere curiosity is not covered by regular property insurance policy? If such damage entails financial losses for your company, the insurance company has legal right to deny you indemnity. In a situation when your business operations depend on expensive equipment it is reasonable to consider purchasing machinery breakdown insurance policy.