Liability insurance for legal professionals is relatively new product though it has caught on both in Ukraine and worldwide. Moreover, it is considered to be one of the most complicated and specific insurance products.

This overview might be interesting for farmers who already own farms in Ukraine, or investors looking for farms for sale in Ukraine or even Ukraine’s land for sale (though this option might be available only after lifting moratorium in 2017).

Lately there have been several major losses in Ukraine associated with the insured events such as fire in the DataLux warehouse in December 2007 ($ 39 mln worth of indemnity), gas explosion in “Azovstal” facility ($ 31 mln worth of indemnity), or fire in the “Eldorado”’s warehouse in August 2010 ($ 11.6 mln worth of indemnity). The gross volume of indemnities paid totaled to hundreds millions of dollars. Nonetheless many companies purchasing insurance policies are not happy with their coverage. The main reason for it that Ukrainian culture of insurance is not as developed as in mature markets. Let’s try to analyze the main flaws of the insurance that worry the clients.

There are some standard mistakes in corporate property insurance which are made not only by novices in this field but also by those who’ve been drafting property insurance policies for several years now.

Katerina Shum offered 5 tips in favor of reconsidering the sum insured prior to corporate insurance policy renewal.

Due to the current economic slowdown retain chains, just like any other business in the country, tend to cut their expenses as much as they can. Unfortunately insurance expenses turn out to be the first ones to be considered irrelevant. This refers not only to health insurance expenses but to inventory and premises insurance as well.