Enterprise insurance: conditions. Insurance of legal entities

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

Alas, but in this world no one is protected from risks. For most people, insurance is directly related to the person himself or his property, such as a house or a car. But there are many more aspects of this case that are known to relatively narrow sections of the population. One of them is the insurance of legal entities. What does it represent? What are the nuances here? These, as well as a number of other issues, will be considered in the framework of this article.

General information

It is believed that the insurance of the enterprise should be carried out in several directions. The totality of the various policies and products is essential to ensure that the business is fully protected from risks. What can act as an object of insurance? These are property, inventory, financial risks. You should also carefully discuss the conditions under which it is considered that an insured event occurs. If this is not done carelessly, there is a chance that the organization will not receive anything if there is a problem.

Property insurance

This is the most famous and popular approach. It involves insurance of buildings and structures. Although you can get by with separate structural elements, where integral communications are laid. If you expand this option, it also includes elements of external and internal decoration. Do not forget about equipment insurance. Although, as a rule, a number of restrictions are stipulated here. So, in the event of internal defects or improper operation, it is not necessary to count on compensation for losses. By default, equipment insurance is provided in case of fire, powerful elements or other generally accepted risks. But if complex and expensive machines are used, then it is advisable to expand their protection also to the option of internal breakdown.

Inventory insurance

Most often this service is used by retail companies. After all, the main assets of the company are directly available inventory. And if they are lost, it could potentially even lead to bankruptcy. Although it is not necessary that everything should be considered from this point of view. So, this option is also interesting for manufacturing enterprises that have a large amount of materials and raw materials in warehouses. Indeed, in the event of a landslide or fire, it is likely that they will be lost. And this is significantimpact on the ability to produce. Whereas insurance against a fire, or a landslide, or other force majeure, you can get amounts of money that will help you stay afloat.

Financial risk insurance

Businessmen or senior managers often want to insulate themselves from potentially problematic moments. For many, these are financial risks. In this case, the company's insurance is aimed at compensating for possible non-payments from buyers, bankruptcy of suppliers, intermediaries and other entities. It should be noted that this product itself is useful and reliable. But if there is an unstable economic and political situation, then insurance companies prefer not to operate in such a market, as this is fraught with excessive losses.

Insurance for employees of the organization

There are quite a few types of businesses where the main asset is people. Therefore, everything is done to support them in case of misfortune and ensure a faster recovery in the ranks. Conventionally, there are two directions here. The first is he alth insurance. It is created to cover the costs of hospitalization, medicines, treatment, payment for specialist services, and so on. The second direction is the insurance of people against accidents. The basic package includes what happens in the workplace, while the advanced package includes what is outside of it.

Important points

Let's say that we need to reduce the risk in something. Were heldnegotiations, and the enterprise insurance contract is being prepared for conclusion. What needs to be considered to ensure reliability? Initially, you should correctly and fully describe the property that is insured. The information requested by the organization with which the contract is concluded should be as detailed and reliable as possible. Why? Let's say there's an accident. And if it becomes clear that there are significant discrepancies between the real state of affairs and the data provided earlier, then this may lead to a refusal to pay reimbursement payments.

Let's look at a small example. We have several warehouses where processed wood is stored in the form of boards. At the same time, only one has a fire extinguishing system. When concluding a contract, this should be mentioned, and not generalized and said that it is installed at the facility. Otherwise, fire insurance will be carried out, but when an unpleasant situation arises and it turns out that the system is not everywhere, but only in one place, the company will refuse to compensate for the damage, because it was misled. Therefore, it is necessary to provide all the information that will allow you to accurately display the entire picture of the object, which is insured. If insufficient attention is paid to these points, then in the event of a risk, the enterprise will get into trouble in the form of the impossibility of obtaining the expected compensation.

Payout amount

The money that will be paid out in case of problems should also be taken seriously. Must chooseactual value, but do not take the bar too high, otherwise you will have to make significant amounts that are not guaranteed to pay off.

As an example, in case of real estate insurance, claims for payment can be formed as the cost of building an identical object at the current moment, where its project, materials, works and services are included. This will allow, if a problem occurs, not to look for the necessary amounts, but to immediately begin recovery. Goods insurance can operate on the average monthly value of inventory in stock over the past year. To take into account inflation, you can additionally provide for an increase in the amount by 10-20% during the term of the contract.

What are the most popular options?

So, most often, insurance for legal entities implies protection:

1. Buildings, structures, their internal communications, finishing elements and glass surfaces.
2. Machinery and equipment.
3. Production inventory.
4. Various means of transportation (such as containers).
5. Inventories, finished products, raw materials.
6. Unfinished construction.
7. Computer facilities.
8. Audio, TV, video, photographic equipment.
9. Library stock, printed publications, technological documentation.
10. Monuments of history, architecture and culture, objects and documents that are of value, precious metals and more.
11. Cash.
12. Other.

And what is the company's insurance against? Here is a short list of popular options:

1. From fires, explosions, lightning strikes.
2. From the effects of natural phenomena.
3. From water damage.
4. From burglary, robbery or robbery.
5. From the actions of third parties.
6. From falling aircraft.
7. From collisions with ground vehicles.
8. From the sudden destruction of the building.
9. From defects in materials, errors in their design, manufacture and installation.
10. From exposure to electric current.
11. Other circumstances, but only by agreement of the parties.

As you can see, there are quite a few reasons to insure legal entities.

Conclusion

The article discussed enterprise insurance, what it is, what types there are, what and from what they protect. It should not be forgotten that this is an introductory article, and a specialist of a company that deals with risks can provide more detailed information about the specifics of the work. He will tell in detail about the rules for insuring the property of enterprises, inventory, employees, as well as the specifics of interaction with the company with which cooperation is planned.