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

Nowadays requirements set by national and international banks in Ukraine to insure pledged property serve as the significant factor driving the insurance market in our country. On the one hand, banks are interested in such kind of insurance as they eliminate the risk of loosing pledged assets. On the other hand, they benefit from the interest paid by the insurance companies. Unfortunately the interest rate has been almost doubled recently which in turn triggered the price of loans. Therefore lenders often concern themselves with the question – is it possible to stand your ground in the relationship with banks?