Every business has its own risks. Financial risks arise most often from the inaction of the businessman himself at work. Before drawing up a contract with an insurance company, you need to clearly know what risks you insure and what you can get from insurers as compensation.
Entrepreneurial risk subject. What can a businessman be insured?
To begin with, this is all the property that is in the circulation of the organization. Property includes absolutely everything that is worth any cash investment, whether it be working tools, whether it be an office or a vehicle that transports employees. You can insure property against theft, wear and tear, or in other cases. You can also insure the entrepreneur's liability against non-repayment of debts, loans, etc. You can also insure the non-payment of interest on shares that the entrepreneur wanted to put into circulation by another company.
Absolutely everything is insured, even the result of work. You never know how it will turn out in reality, an entrepreneur planned one thing, but got another, in this case there is also a risk. It is also beneficial to insure work equipment, because it can easily break down, and this will bring losses to the company. Many problems can befall a businessman with employees who can also be insured. But in advance you need to prescribe that compensation will be only in the event of an industrial injury, accident or something else, at the discretion of the entrepreneur. In any case, health and safety laws must be strictly followed.
Sum insured
The amount of insurance is prescribed in the legislation of the Russian Federation, it is based on the finances and risk of the entrepreneur. The sum insured is the insured's compensation if an insured event suddenly occurs. If more than one insurance subject is specified in the insurance contract, then the principal amount is made up of parts of that amount. Whatever the insured event, you need to immediately decide what the amount will be, so that there will be no problems in the future, and the businessman knows how much compensation he is entitled to and for what. Spend more time, but decide this issue right away than then run around the courts and decide who and what is due. All amounts are discussed and drawn up immediately.
There are a number of peculiarities when drawing up a business insurance contract:
1. It is necessary to conclude an agreement in writing, otherwise it will be considered invalid.
2. The contract can be drawn up by one document or by an insurance policy signed by the insurer. The prerequisites will be written in the contract and must be signed by the parties.
3. It is possible to insure not only employees, equipment, but also the entrepreneur's liability. At the request of the entrepreneur, the insurance company must provide him with a certificate of registration and a license. Casco often means a franchise. Deductible is the amount of loss from which the entrepreneur does not receive insurance. That is, this is part of the loss, interest for this part is not returned. The amount of interest is prescribed directly in the insurance contract Remember, if you take a responsible approach to insuring your business, and not rely on Russian, you can avoid many problems, and, most importantly, not lose everything overnight. Be smart!
