"Zetta Insurance" offers insure the property of legal entities. The service applies to small, medium and large businesses and allows you to protect production and office property, communication and engineering systems from a number of unforeseen accidents.

Equipment insurance for legal entities compensates for power surges, man-made disasters, personnel errors and other factors that can destroy the material and technical base or render it inoperable.

We also offer compensation against the impact of a number of additional risks that any man-made accident inevitably entails. For example, this could be insurance against losses due to interruptions in production, etc.

A variety of programs and tariffs will allow you to choose the optimal protection for any business, regardless of its capitalization and specifics.

Benefits of capital goods insurance

• Flexible payment terms, individual protection program for each client.
• There is no need to make an additional assessment of the property when signing the contract.
• Efficiency. Payments are made within 10 days after signing the incident report.

Types of insurance in material production

We have tried to include the most common and most significant risks in our protection programs.

• Insurance of real estate of legal entities. Allows you to receive compensation for damage caused to industrial premises, administrative buildings and other types of buildings.
• Agricultural production insurance. Compensates for the costs of repairing agricultural equipment, real estate, etc. For this industry, this type of protection is very relevant, because the pronounced seasonality of the business does not allow for large financial reserves to cover unforeseen expenses throughout the year.
• Insurance against production interruption risks. Will allow you to compensate for the financial costs associated with the company's suspension of its activities.
• Compensation for damage from commercial crimes. Protects the business from losses caused by the malicious intent of third parties or employees of the enterprise.

Cost of property insurance for legal entities

You can find out how much the policy costs using the online calculator on our website. The most up-to-date and detailed information on business interruption insurance and other types of business protection is always available by phone.

The organization of insurance protection of property of legal entities - enterprises and organizations - deserves special attention.

Legal entities can insure the following property:

State;

Actually;

Rental;

Collateral;

Leasing.

Enterprises can enter into the following types of property insurance contracts:

Basic;

Additional;

Special.

Under the main contract, you can insure all property owned by the enterprise: buildings, structures, transmission devices, power and other machines, equipment, vehicles, fishing vessels, fishing gear, work in progress, inventory, finished products, raw materials, goods, materials and more property.

Under an additional contract you can insure:

Property received by enterprises under a rental agreement (rent, leasing, rental)

Accepted from other enterprises and the population for processing, repair, transportation, storage, commission, etc.

A special contract can be concluded for insurance:

A certain type of property or a separate object (selective insurance);

Property transferred under rental agreements (rent, leasing, rental)

Property for the duration of experimental or research work, exhibiting at exhibitions.

In property insurance of legal entities, certain restrictions on the objects of insurance, set out in section 8.1, apply.

The procedure and basic conditions for property insurance are specified in the Insurance Rules by type of property or risk, are developed independently by individual insurers and are subject to registration with the State Commission for Regulation of Financial Services Markets of Ukraine when issuing a license for the right to carry out the corresponding type of insurance.

The basic conditions of property insurance cover three aspects:

1) insurance liability;

2) insurance assessment and sum insured;

3) principles of compensation for losses.

The insurance rules also display additional conditions for compensation of losses, the amount of the deductible, the responsibilities of the parties and other circumstances that may affect the insurance compensation and the insurer’s fulfillment of its obligations to the policyholder.

Insurance liability is a list of insurance risks, in the event of which the insurer undertakes to compensate for losses. Property insurance uses a standard list of risks, which in some cases can be supplemented or specified by the insurer.

Property insurance is carried out in case of loss, destruction or damage due to the following insured events (risks):

Fire, lightning strike;

Natural disaster (earthquake, flood, hurricane, rain, hail, landslide and other natural and climatic phenomena unusual for the area);

Accidents of heating, fire, water supply, sewerage systems and other technical accidents;

Illegal actions of third parties, theft, etc.

Property is also considered insured in the event that, due to fire or a sudden threat of a natural disaster, it needs to be dismantled or moved to another place.

The scope of insurance liability excludes losses caused to property due to:

Processes that cannot be avoided in work or those that naturally follow from them (corrosion, rotting, natural wear and tear and other properties of objects);

Its treatment with fire, heat or other thermal influences for the purpose of processing, drying, cooking, melting metals and the like;

Changes in navigation and other conditions;

The effect of electric current on various electrical devices and malfunctions of electrical equipment;

Deliberate actions of the policyholder and persons in labor relations with him;

Theft of property, if the fact of theft is not verified by the police or other law enforcement agencies;

Improper storage of property;

Radioactive contamination;

Defects in property that occurred before the conclusion of the contract;

Acts of terrorism, hostilities, civil disturbances, confiscation or seizure of property;

Coup d'etat or conspiracy.

Policyholders have the right to insure property against all risks proposed in the insurance rules or only specific risks. Insurance rates are set separately by type of risk and adjusted depending on the level of complexity of the risk and other circumstances. For adjustments, decreasing or increasing coefficients are used.

The sum insured and the insurance valuation are important. The insured amount for each insured object must correspond to its actual value. This is very important, because if the replacement amount is insufficient, the policyholder will not be covered, and if it is too high, then this situation will not be beneficial for the insurance company, since under such conditions the policyholder will be subject to an insured event. The actual (insurable) value of property is determined differently depending on the type of property; for the purpose of insurance valuation, it is divided into the following groups:

1. Fixed assets.

2. Inventory assets.

3. Products in the process of production or processing.

4. Object under construction, d. Exhibits of exhibitions, museum valuables, collections, original works, antiques.

Insurance assessment is based on two types of coverage:

1) insurance compensation;

2) insurance restoration.

The first type means that insurance compensation must provide the insured with compensation for losses in the amount of the value of the property valid at the time of the insured event, that is, the insured after the occurrence of the insured event must be placed in the same financial position in which he was immediately before the insured event. This type of coverage applies to all groups of property.

The second type means that in the event of an insured event, the entire cost of restoring destroyed or damaged property will be covered. After payment of the insurance compensation, the policyholder will be placed in better conditions than he was before the insured event. Otherwise, the policyholder will receive the amount he needs for re-construction or purchase of an identical object to replace the previous one. Mostly this type of coverage is applied only to the first group of property.

Taking into account this approach, the insured amount for fixed assets (buildings, structures, transmission devices, machinery, equipment, etc.) is equal to the replacement cost or book value taking into account depreciation; for inventory items - purchase value (acquisition cost); for products in the process of production or processing - the costs of its manufacture; for objects under construction - the actual costs incurred for their creation; for other property (exhibitions, museum jewelry, collections, original works, antiques, etc.) - contractual (estimated) or market value.

If there is no balance, the property of a private entrepreneur is accepted for insurance in accordance with its description at its estimated value.

The estimated value of the property can be determined on the basis of an expert assessment carried out by surveyors. Assessment (survey) bureaus have already been created in Ukraine.

Property can be insured both for its full value and for a certain portion. In case of property insurance not for the full value, losses upon the occurrence of an insured event, as a rule, are also compensated in full (a proportional insurance compensation system is applied).

Calculations of insurance payments (insurance premiums, insurance contributions) are carried out based on the insured amount and insurance rates established for individual risks and differentiated depending on the complexity of the risk or other circumstances reflected in the insurance contract. When calculating insurance premiums, various discounts and benefits that are provided to the policyholder by the insurer are also taken into account. The amount of insurance payments may also depend on the following components:

Type of property and conditions of storage of property;

Technical condition of the enterprise;

Type of production;

Insurance period;

Forms for making insurance payments;

Conclusion of an agreement with a franchise;

Continuity of insurance for several years;

Lack of insurance cases;

Implementation of preventive measures, etc.

Thus, higher rates are applied when insuring equipment, instruments during research and experimental work, and space technology. Increased risks accompany vehicles, so they are insured at separate rates.

Property is considered insured if an insurance contract is concluded between the insurer and the policyholder. The insurance contract is mainly concluded on the basis of a written application from the policyholder. In appropriate cases, the application may be accompanied by an inventory of property, which is an integral part of the contract. When concluding an insurance contract, the policyholder is obliged to provide the insurer with truthful information about all circumstances known to him that are important for assessing the insurance risk. In some cases, when concluding property insurance contracts, it may be possible to provide the insured with an insurance certificate (insurance policy).

Property insurance contracts are concluded mainly from 1 to 11 months, for one year or more (indefinite period) with an annual update of the value of the property. If the value of the property changes during the validity period of the insurance contract, this necessitates recalculation of the insured amount and insurance payments and the conclusion of an additional contract for the period until the expiration of the main contract, or even re-conclusion of such a contract.

After receiving the insurer's consent to conclude the contract, the policyholder is obliged to pay insurance premiums or part thereof within a certain period to the insurer's account. Contributions are paid by bank transfer or in cash.

General requirements for the content of an insurance contract and the procedure for its conclusion are defined in the Law of Ukraine “On Insurance” (Section II).

In the event of an insured event occurring with the insured property, the insured's claims are satisfied in the following sequence: the fact of the occurrence of the insured event is established; an insurance report on the insured event is drawn up; the amount of damage and insurance compensation is determined; insurance payment is made.

Insurance indemnity is based on a system of proportional liability, that is, in the event of loss, destruction or damage to property, insurance indemnity is determined in the proportion in which the property was insured, but not higher than the insured amount. The calculation is carried out as follows:

Insurance indemnity = __ Sum insured Zbitok__

Property value

General conditions and procedure for payment of insurance compensation specified in Art. 25 of the Law of Ukraine "On Insurance". Specific conditions are defined in the rules and in the insurance contract.

Unless otherwise provided in the insurance contract, losses are compensated as follows:

In case of damage to property, insurance compensation is paid in the amount of the difference between the declared sum insured and the value of the remaining property suitable for further use;

In case of loss of property, insurance compensation is paid in the amount of the actual (replacement) cost minus depreciation and the value of the remaining property suitable for further use.

Upon the occurrence of an insured event, the policyholder must:

Take measures to prevent and reduce losses;

Notify the insurer of the occurrence of an insured event within the period specified in the insurance contract;

Notify the relevant authorities about the occurrence of the event according to their competence (police, fire, emergency services, etc.);

Provide the insurer with all the documents necessary to establish the causes and extent of damage;

Until the arrival of the insurer's representative, store all remains of destroyed or damaged property.

Calculation and payment of insurance compensation is made on the basis of the policyholder’s application and the insurance act or emergency certificate. The insurance act is drawn up by the insurer or a person authorized by him - the accident commissioner with the obligatory participation of a representative of the insured.

Emergency commissioners- these are persons who are engaged in determining the causes of an insured event and the amount of losses, the qualification requirements for which are established by acts of the current legislation of Ukraine.

Insurance compensation cannot exceed the amount of direct damage to the insured property. The amount of damage may also include costs associated with salvaging property, preserving its remains, drawing up an insurance act, cleaning and landscaping the territory, conducting an examination and other necessary and expedient expenses.

The insurer may refuse to pay insurance compensation if the policyholder has not fulfilled the obligations stipulated by the insurance contract.

The grounds and procedure for refusal are regulated by Art. 26 of the Law of Ukraine "On Insurance". They may be:

Intentional actions of the insured aimed at the occurrence of an insured event;

Submission by the insured of knowingly false information about the insurance object;

Receiving compensation for damages from the guilty party;

Late notification of the occurrence of an insured event or creating obstacles for the insurer in determining the circumstances and causes of damage;

Other reasons, if this does not contradict the legislation of Ukraine.

The property insurance contract is valid until the insurance compensation is paid in full. Payment of insurance compensation is carried out in accordance with the procedure established by the contract and within a certain period. This may include a deductible or another payment if the contract is renewed.

Property insurance is one of the types of property insurance, the object of which is property interests associated with the ownership, use and disposal of property. Under a property insurance contract, the risk of loss, destruction or damage to certain property can be insured.

The classification of property insurance is based mainly on taking into account one of two characteristics: subjective (who owns the property) or objective, which determines what this property actually is.

Thus, we can distinguish:

— ;

— insurance of property of individuals.

Property insurance for legal entities, depending on the object of insurance, is divided into:

— insurance of enterprise property;

— insurance of water and air transport;

Property insurance for individuals includes:

— insurance of buildings, apartments;

— insurance of household property, animals, etc.

There are types of insurance for which both legal entities and individuals are insured:

— insurance of agricultural crops and animals;

— motor vehicle insurance, etc.

Depending on the specifics of the objects covered by insurance protection, the following are distinguished:

— transport insurance (automotive, air, marine, cargo);

— insurance of technical risks (machines against breakdowns, electronic equipment, construction and installation risks);

— agricultural insurance (crops and animals, equipment)

In addition, depending on the risk insured, we can distinguish:

1. Property insurance against fire and natural disasters (fire insurance);

2. Property insurance against accidents;

3. Property insurance against theft and other malicious actions of third parties, etc.

The insurance supervisory authority, when issuing licenses to carry out insurance activities, is guided by the classification established in Art. 32.9 of the Law on the Organization of Insurance Business and distinguishes within the framework of property insurance:

— insurance of land transport vehicles (except for railway transport vehicles) – clause 6;

— insurance of railway transport vehicles – clause 7;

— insurance of air transport vehicles – clause 8;

— insurance of water transport – clause 9;

— cargo insurance – clause 10;

— agricultural insurance (insurance of crops, crops, perennial plants, animals) – clause 11;

— insurance of property of legal entities, with the exception of vehicles and agricultural insurance – clause 12;

— insurance of citizens’ property, with the exception of vehicles – clause 13.

The implementation of selected types of property insurance has certain features related to the assessment of property accepted for insurance, assessment of accepted risks, calculation of insurance premiums, determination of damage and insurance compensation payments, etc.

Property insurance for legal entities

Any enterprise (organization, institution), regardless of its organizational and legal form, that owns property or has accepted it on lease, pledge, rent, commission, for sale, storage or on other legal grounds has the right to insurance of its property.

Property is a collection of material assets and things in the use (ownership) of the insured person. Property differs by type: movable and immovable property, property of agricultural and industrial enterprises. Movable property includes anything that can be moved. Real estate is static, for example: buildings, structures, land plots.

What is insured?

The object of insurance is loss, shortage or damage to certain property. Under an insurance contract, property can be insured in favor of the policyholder (beneficiary), who has an interest in the safety of this property based on a contract (law).

Enterprise property insurance is divided into types of property insurance:

• government organizations (enterprises, associations, institutions);
• state agricultural enterprises;
• non-governmental and public organizations;
• non-state agricultural enterprises and tenants;
• government buildings leased to organizations and individuals;
• religious organizations;
• foreign citizens on the territory of Russia.

Property insurance of legal organizations in the Russian Federation of the above types is carried out on a voluntary basis. The following property of enterprises is subject to insurance:

• structures, buildings, structures;
• equipment, inventory,
• transmission devices, power workers and other machines,
• vehicles, fishing (other) vessels, fishing gear,
• objects of unfinished production and capital construction,
• finished products, goods, raw materials;
• farm animals, rabbits, fur-bearing animals, bee colonies and poultry;
• crop harvest;
• other property.

Property leased to other organizations may be insured separately from the general part of the property.

What is not insurable?

When insuring the property of legal entities, the following property is not covered:

• securities, cash, documents;
• earthworks, dams, dams, sidewalks, bridges, parking areas, asphalt roads and others;
• structures, structures and other property located in the disaster zone.

An exception to the last point is the case in which the insurance is extended for a new term even before the expiration of the previous contract, within the limits of the percentage of the value of the property that was specified in the original insurance contract.

Insurance risks

The property interests of business entities are manifested in the event of death, destruction (damage), flooding, theft, or destruction of property. It should be taken into account that property interests with which the insured event occurred unintentionally (accidentally) are subject to insurance protection.

Enterprise property insurance is carried out against possible damage (loss) in the event of damage or loss of property due to the following insured risks (insurance events):

• damage or destruction from explosion, fire, lightning strike;
• damage or destruction from a natural disaster (floods, earthquakes, hurricanes, rainstorms, snowfalls, mudflows and others);
• damage or destruction of manned aircraft, as well as their parts, from falling;
• death or damage from the destructive effects of water (accidents in plumbing, heating, fire protection, sewerage systems, penetration of water or other liquids from neighboring premises);
• destruction or damage from outside influence (collision by a vehicle or self-propelled machine, collapse of a water vehicle or self-propelled floating engineering structure);
• damage or destruction due to illegal actions of third parties (theft, robbery, robbery, robbery, arson, vandalism).

Damaged is the condition of property in which there are no characteristic signs of its complete destruction or destruction, and which can be restored through repairs. Destruction, death, loss, flooding is the disposal of property from use. Theft means taking property by fraud, theft or robbery.

Insurance compensation

When insuring the property of legal entities, payment of insurance compensation can be made both to the policyholder and to his designated beneficiary (individual or legal entity). It is important to remember that the insurer becomes obligated to make an insurance payment only upon the occurrence of an insured event (incident). The beneficiary (policyholder) does not have any rights or grounds to receive insurance compensation before the occurrence of the insured event (incident).

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Currently, namely during trade relations, a variety of forms of ownership appear on the market. For example, citizens of our country are increasingly uniting into some kind of organization, which is usually called legal entities. Such forms of ownership have certain assets and, of course, some risks of losing them. It is for this reason that property insurance has become so widespread.

This procedure is almost one of the most popular in insurance companies, as well as numerous agencies. Note that, like insurance of personal property of ordinary citizens, insurance of valuables of a legal entity is always regulated by a certain law. As practice shows, in most cases, insurance is a mandatory procedure for all forms of ownership. However, it should be noted that not all legal property on the market needs to be protected by insurance, since there are different types of property insurance for legal entities .

If we take, for example, certain financial savings, as well as a cash register and other list of valuables, the organization has the right to insure it only if it wishes.
By taking advantage of the insurance services provided, the heads of organizations have an excellent opportunity not to worry about all the possible consequences if various types of unforeseen circumstances occur. Also, if the property is insured, you can safely plan all further work of your company.

Compulsory insurance of property of legal entities.

As mentioned above, insurers offer various types of insurance. For example, one of the more common ones is compulsory property insurance of legal entities. Let us immediately note that only property owned by the legal entity itself is subject to this form of insurance. This may also take into account the necessary insurance coverage of any third parties present.

Voluntary insurance of property of legal entities.

Voluntary property insurance for legal entities are characterized by the fact that any enterprise has the right to establish certain clauses of the contract itself. Let's look at them:

• You can adjust the sum insured;
• The size of the franchise is also subject to change;
• The corresponding policy can be obtained from any company, etc.

Also, if the company does not have the required financial amount, it has the full right to refuse the services of the insurer. But at the same time, all responsibility for financial security will be completely unprotected.

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Property insurance

Property insurance for legal entities

As already noted, the object of insurance is property interests. related to the ownership, use, and disposal of property. Therefore, not only the property that is the property of the enterprise is subject to insurance. In this regard, we can highlight the following types of property that can be insured :

- property owned by an enterprise by right of ownership, right of economic management or operational management;

— property received under a rental or leasing agreement;

- property accepted for processing, repair, transportation, commission, storage, etc.

Typically the following types of property are accepted for insurance: :

— buildings (industrial, administrative, socio-cultural and public use);

— structures (towers, masts, units and other production and technological installations);

— separate premises (workshops, laboratories, offices, etc.);

— engineering and production-technological equipment (communications, systems, devices, machine tools, transmission and power machines, other mechanisms and devices);

— inventory, technological equipment;

— interior items, furniture, shop windows, mirrors, advertising installations;

— inventory items (goods, finished products, raw materials, materials).

Usually not accepted for insurance :

— cash and securities;

— documents and business books;

- items that have no value (manuscripts, drawings, plans, etc.);

— property, insurance coverage of which is provided according to specific insurance conditions (vehicles, farm animals, etc.);

— as a rule, especially valuable property (precious metals and stones, collections and works of art, securities) is not subject to insurance under the main contract. Such valuables can be insured under a special contract.

Place of insurance. Typically, property is considered insured only in those premises and on the land plot specified in the insurance contract. If the insured property is removed from the place of insurance, insurance coverage is terminated.

Insurance risks (insurance events). Insurance of property of legal entities is carried out in case of destruction or damage as a result of the following insured events:

— explosion of gas, boilers, machines, apparatus, etc.;

— natural disasters and the action of natural forces (earthquakes, floods, hurricanes, whirlwinds, storms, tsunamis, rain, hail, floods, subsidence and subsidence of soil, landslides, landslides, mudflows, the action of groundwater, flooding, etc.);

— the effect of water (accidents of heating, water supply, fire-fighting and sewerage systems, penetration of water from neighboring premises);

— fall of manned aircraft and their parts;

— broken glass, shop windows, etc.;

— burglary, robbery and other illegal actions of third parties (for material assets);

Typically, the insurance company provides the policyholder with the opportunity to select a list of risks (one, several, all) against which he would like to insure.

Insurable value of property.

To determine the insurable value, the following property value estimates can be used:

— book value. but not higher than the replacement cost on the day of its destruction (for the assessment of fixed assets);

— actual cost based on market averages. selling prices and prices of own production (for assessing working capital);

— based on actual costs incurred material and labor resources at the time of the insured event (to assess unfinished construction).

Sum insured determined separately for each object or set of objects (groups, categories of property). It is possible to determine the insured amount using two options:

— the insured amount is equal to the insured value of the property (full insurance coverage);

— the insured amount is equal to some fraction of the insured value of the property (incomplete insurance coverage).

In case of incomplete insurance, it is very important to clearly state in the contract how the insurance compensation will be calculated.

Unless otherwise specified in the contract, in the event of under-insurance after the occurrence of an insured event, insurance compensation is paid in proportion to the ratio of the insured amount to the insured value (Article 949 of the Civil Code of the Russian Federation).

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Example. Determine the amount of insurance compensation according to the system of proportional liability. The cost value (valuation) of the insurance object is 18 million rubles. insurance amount 7.4 million rubles. loss to the policyholder upon the occurrence of an insured event RUB 3.64 million.

Option 1. The insurance contract does not contain an insurance clause with a liability limit. Then the insurance compensation will be (according to the proportional liability option):

SV = 3.64 million rubles. x (7.4 million rubles. 18 million rubles) = 1.5 million rubles.

Option 2. The insurance contract contains a clause that insurance compensation is paid in the amount of the actual loss, but within the limits of the insured amount. We calculate insurance compensation:

SV = 3.64 million rubles. (this is less than 7.4 million rubles).

Insurance premium calculated at rates established for individual risks (fire, explosion, accident, etc.). Rates are differentiated depending on the industry, type of production, purpose of property, fire safety conditions (for fire insurance), and safety of property.

Table 1 – Approximate basic tariffs for property insurance of legal entities

Types of risks (insurance events)

Insurance rate (% of the insured amount)

Insurance rules may provide for discounts on the amount of the insurance premium: for concluding an agreement with a franchise, for meeting fire safety requirements, for continuity of insurance (property insurance for several years without the occurrence of insured events) and others.

Calculation of the amount of insurance compensation .

The basis is the data registered in the insurance act drawn up by the insurer or a person authorized by him, with the participation of the policyholder.

The amount of damage is determined:

- in case of loss or theft of property - in the amount of the insured value of the lost or stolen property (minus the remainder suitable for further use);

- if property is damaged - in the amount of the costs of its restoration, or in the amount of the loss of the corresponding part of the value (if the property is not restored).

The general calculation formula is as follows:

Where: T- amount of damage;

W— value of property according to insurance valuation;

∑I- amount of wear and tear;

R— expenses for rescuing and putting property in order;

W a- the value of the remaining property suitable for further use (at residual value).

The policyholder is compensated expenses associated with salvage of property. to prevent and reduce damage in the event of a natural disaster or accident (moving property to a safe place, pumping out water, etc.), as well as to put the insured property in order after a natural disaster (cleaning, sorting, drying, etc.) .

As a rule, losses are not subject to compensation under this type of insurance. :

- those that occurred as a result of events that are inevitable during the work process and naturally follow from it (corrosion, rotting, physical wear and tear and other natural processes of changing the properties of individual objects);

— caused to the insured property as a result of its treatment with fire, heat or other thermal effects for the purpose of processing or for other purposes;

- occurred due to defects in property that occurred before the conclusion of the contract.

Property insurance for legal entities

Currently, the insurance procedure plays a huge role in the Russian market economy. Many commercial and government organizations, as well as individual entrepreneurs, thanks to insurance policies, significantly reduce existing risks.

Timely insurance of the property of legal entities allows you to stabilize all production processes, as well as more actively develop your business in different directions.

Company managers today have the opportunity to insure property against all risks, which in turn will allow them to reduce losses in the future in the event of insured events.

What it is

Insurance of movable and immovable property of legal entities is intended to reduce their financial losses upon the occurrence of an insured event specified in the relevant contract.

This procedure can be classified as a type of property insurance, which has recently become very popular.

Insurance companies undertake to compensate for damage to representatives of medium and small businesses in the event of an emergency that results in partial or complete damage to movable and immovable property.

The following representatives of small and medium-sized businesses can take part in the procedure for insuring the property of legal entities:

• individual entrepreneurs;
• notaries;
• lawyers;
• legal entities;
• state enterprises;
• municipal authorities.

Representatives of small and medium-sized businesses carrying out their economic activities in the status of legal entities, while participating in the property insurance procedure, are called policyholders who have the opportunity to:

• enter into agreements with an insurance company for the benefit of third parties;
• independently appoint recipients of insurance payments;
• if necessary, replace beneficiaries (before the occurrence of an insured event), etc.

Legal entities, regardless of their form of ownership, that have registered this type of activity with the State Authorities and have all the necessary permits and relevant licenses can become insurers.

This procedure is regulated by Federal legislation in force on the territory of the Russian Federation.

Peculiarities

The procedure for insuring the property of legal entities has a number of features that representatives of medium and small businesses should familiarize themselves with before taking out an insurance policy.

Firstly, managers of commercial or state companies must take into account that when concluding an agreement with an insurer, they should be guided by the Insurance Rules, which pay special attention to all types of risks.

Secondly, legal entities must independently develop such rules, which subsequently must undergo mandatory state registration.

Legal entities can insure other types of property by concluding a special agreement with the insurance company.

The insurance policy will protect a specific fixed asset that is transferred to the company for temporary use to conduct various studies, scientific experiments, etc.

When signing with a representative of a medium and small business, the insurance company assumes insurance liability.

The responsibilities of the policyholder include:

• recording of an insured event;
• quick consideration of an application from a legal entity;
• payment of compensation within the terms established by the contract.

When an emergency occurs that results in damage to the property of a legal entity, the insurance company sends its representative to the site to record the insured event.

In accordance with Federal legislation, when concluding a contract, the insurance company negotiates force majeure with a representative of a small or medium-sized business, upon the occurrence of which the insurer is released from its obligations.

The following can be considered a force majeure situation:

• the beginning of hostilities;
• declaration of a state of emergency by the government of countries;
• confiscation of property by court decision;
• strikes and popular uprisings;
• requisition of property, etc.

In property insurance of legal entities, numerous and varied objects of property are accepted for insurance protection. It is quite difficult to compile an exhaustive list of this property. However, the objective need for property insurance is obvious, since extraordinary, destructive events cause enormous damage to its owners.

The main groups of property of legal entities usually accepted for insurance are as follows:

• 1. Own fixed assets and working capital (except for cash, securities and intangible assets) or owned by the insured with the right of economic management, operational management.
• 2. Property objects received for rent, processing, transportation, repair, commission, storage, for joint activities.
• 3. Property received for the duration of experimental work or research, for display at exhibitions, in museums, perennial shrubs and fruit and berry plantings.
• 4. Farm animals.
• 5. Construction and installation works.
• 6. Other property not specified in paragraphs. 1-5.

As a rule, the following property of legal entities is not accepted for insurance:

• - documents and business books;
• - cash and securities;
• - intangible assets;
• - dams, dams, bridges;
• - sidewalks, asphalt and concrete roads, platforms;
• - irrigation and reclamation structures;
• - property located in an area threatened by a natural disaster, which has been duly announced to the population and business entities, as well as property in emergency buildings and structures.

The specified groups of property of legal entities accepted for insurance differ in their generic characteristics, functional purpose, life (production) cycle, and features of the manifestation of risk events. Therefore, their insurance is carried out according to separate insurance rules. However, the organization of insurance relations, their economic and legal foundations are practically the same when insuring different types of property.

Insurance risks, which in various combinations are characteristic of most of these groups of property of legal entities, are included in the relevant insurance rules (contracts).

Such risks against which property is insured are damage, destruction (destruction), loss of property due to:

• - fire;
• - natural disasters (floods, droughts, frosts, earthquakes, storms, hurricanes, whirlwinds, tornadoes, tsunamis, hail, landslides, landslides, ground subsidence, etc.);
• - illegal actions of third parties, including theft and robbery;
• - crashes of aircraft or their debris;
• - explosion of steam boilers, fuel and gas storages, fuel and gas pipelines;
• - accidents of water supply, heating, sewerage systems;
• - flooding with groundwater;
• - collision with a ground vehicle;
• - unexpected power outage, water supply, heat supply;
• - internal fire of machines, equipment, electrical devices, electrical appliances.

Losses from damage, destruction (destruction), loss of property as a result of:

• - intent or gross negligence of the insured (beneficiary);
• - a defect in property that was known to the policyholder before concluding the insurance contract, but about which the insurer was not notified;
• - failure to comply with the requirements of regulatory documents, rules and instructions for the operation and maintenance of property;
• - use of the property for other purposes or in a state of alcoholic, narcotic or toxic intoxication;
• - natural processes (corrosion, wear, fermentation, rotting, deterioration, etc.) caused by the internal properties of property objects.

In addition, damage caused as a result of force majeure events (force majeure circumstances) is not compensated, unless otherwise provided by the insurance contract.

Such force majeure events include:

• - exposure to a nuclear explosion, radiation or radioactive contamination;
• - military operations, as well as maneuvers or other military events;
• - civil war, civil unrest of all kinds or strikes;
• - confiscation, requisition, arrest or seizure and destruction of property by decision of public authorities, unless otherwise provided by the insurance contract.

The objects of property insurance are the property interests of the insured (beneficiary) associated with the ownership, disposal, use of property and the need for compensation for damage in the event of insured events.

The subjects of insurance are insurers, policyholders, and beneficiaries.

In this case, the property insurers are legal entities.

The beneficiary is the person in whose favor the property insurance contract is concluded.

An insurance contract is concluded on the basis of a written or oral application and the submission by the insured of an inventory of the property to be insured in the form established by the insurer.

In the property inventory, insurers provide for the need for the policyholder to provide the following information in various combinations: name of the property; type, brand or other important characteristics of the property (for example, the building material from which the walls of a residential building or building for other purposes are erected, etc.); year of production (commissioning of the facility); the number of units of this property; insurance (actual) cost of a unit of an object and the entire quantity; the insured amount of the unit and the entire quantity; location of the property (territory of insurance coverage).

Before concluding an insurance contract, the insurer has the right to verify the accuracy of the information presented in the inventory of property and other data about the objects, their operating conditions, and, if necessary, appoint an examination to assess the condition and actual value.

The insurer checks, in particular, the availability of property in the place indicated in the inventory; ownership of property by right of ownership, full economic management, operational management or other rights; conditions for storing property; qualifications of service personnel; exposure of property to the risks of losses from fire, natural disasters, flooding, theft and other adverse events, book value, residual value, purchase price; service life, etc.

When concluding a property insurance contract, the policyholder is obliged to:

• - inform the insurer of all circumstances known to him that are important for determining the degree of probability of occurrence of insured events and the amount of possible losses; if, after concluding an insurance contract, it is established that the policyholder provided deliberately false information to the insurer about such circumstances, then the insurer has the right to demand recognition of the insurance contract as invalid and compensation for losses;
• - inform the insurer about the already concluded insurance contract for the same property against the same or other risks with another insurer, as well as about damage to property caused by previously occurring insured events and the insurance compensation received. If, after the entry into force of the insurance contract, the circumstances taken into account when concluding the contract have changed, which has increased the likelihood of an insured event occurring, the policyholder is obliged to inform the insurer about this. In this case, the insurer has the right to demand that the policyholder change the terms of insurance or pay an additional amount of the insurance premium. If the policyholder fails to notify the insurer of a change in risk circumstances or objects to changes in the terms of insurance and additional payment of the insurance premium, the insurer has the right to terminate the insurance contract. In this case, the policyholder compensates for the insurer's losses caused by termination of the insurance contract.

The benefits of insuring tangible assets and potential financial problems are certainly clear to managers of commercial companies, founders of independent business organizations, and large production workers.

For legal entities, the occurrence of an event that may lead to a complete or partial loss of tangible and intangible assets may result in bankruptcy. Property accounting, which is carried out without fail, clearly allows one to assess the risks of losses in the event of unforeseen situations. In the global market, a large share of insurance premiums and payments falls on property insurance of legal entities.

Content:

Most agreements with insurers are concluded in relation to property:

1. Immovable – objects that cannot be moved without causing damage to them or their purpose.
2. Movable – objects that can be moved without damaging them, devices intended for transportation.

The first category includes buildings, offices, workshops, industrial buildings, structures under construction, etc., the second includes office equipment, removable equipment for production, dismountable industrial complexes, as well as vehicles intended for movement.

Interesting! According to the legislation of the Russian Federation, vehicles subject to mandatory state registration, namely inland and sea vessels, air and space objects, are classified as real estate. In fact, these are means intended for movement, and according to the law, these are objects classified as immovable. They are called “real estate by law.”

Type is one of the factors influencing the cost of an agreement with an agent. The more mobile the property, the greater the likelihood that an unexpected event may occur to it.

Property interests

The subject of property insurance does not have to be any material object specifically specified in the policy at the time of signing. The object may be possible obligations to entities that are uncertain at the time of concluding the agreement.

The purpose of concluding contracts is to protect property interests, which, depending on the specified subject, are divided into the following types of insurance:

• property - in case of loss (loss, structural failure, impracticality of restoration) or damage (partial damage or shortage);
• business or financial risks - in case of unplanned expenses, shortfall in expected income, unexpected losses, breach of obligations, changes in business conditions, etc.;
• liability – in case of harm to the health of individuals and their lives or damage to someone else’s property.

An example of covering financial risks is banking insurance of deposits, valuables, deposits, loans, issuers of plastic cards, the likelihood of attacks on intellectual property, unauthorized intrusion of attackers into corporate networks.

Liability is legally required to be covered by MTPL policies or contracts with the owners of hazardous production facilities. They cover potential harm that may occur due to accidents or incidents that occur during their use. Responsibility for professional errors is indicated by the subject of agreements with persons engaged in notarial and legal activities.

Factors that determine cost

The amount of insurance payment is influenced by many factors. Of course, it is more profitable for the insurer to include in a standard policy a complete package of all possible risks on the principle of “everything from everything.” Legislation is a complex thing; when discussing large transactions with an agent, it would not hurt to have a competent lawyer who can read the contract, find pitfalls, add more acceptable conditions to it, and reduce the tariff.

Sum insured and cost

The insurer's premium is calculated as a share of the sum insured, and for tangible items its limit, within which the guarantor will be liable, cannot exceed the value indicated in the balance sheet documentation of the legal entity. But it is quite possible to reduce the upper limit of the amount, while indicating the real value of the property. If the contract is concluded for a smaller amount in order to save on payment, then it must be taken into account that the compensation can also be proportionally reduced by the accident commissioner upon payment.

Reducing limits and premiums is impossible when concluding contracts whose terms are determined by law, for example, in MTPL policies.

Franchise

The effect of the deductible on the cost of the policy is inversely proportional. The larger the deductible, the cheaper the agreement. It is understood that due to the deductible, the insurer shares its liability with the policyholder and therefore reduces the payment.

Attention! Franchise can be conditional or unconditional. If conditional, the compensation will cover all losses and will be paid in full if the damage exceeds its limit. If unconditional, the compensation is calculated in any case minus it.

The method of reducing costs through a franchise requires the approach of a real business executive. Sometimes it is better to overpay a small amount in advance than to receive no compensation for losses at all later. But having a small franchise is still necessary. If the damage is relatively small, then it is easier for the owner to cover the losses from his own pocket than to call emergency commissioners, pay an expert for an independent assessment and collect the paperwork necessary for payment.

Type of property

The tariff for buildings and building structures will be less than for smaller items, equipment involved in the production process, and transport. Agreements concluded regarding securities, weapons, antique or unique items are much more expensive. In addition to these, the agent will require more detailed inventories certified by the competent authorities, enhanced security conditions - safes or other methods that ensure that third parties do not have access to them.

When concluding an agreement regarding the entire production complex (building, equipment, inventory, engineering structures, interior decoration), the insurer will most likely completely exclude a free-standing glass unguarded lightbox from the list of items covered by its protection.

Statistics from previous years

The owner's attitude towards tangible assets also affects the cost of the policy. If production processes are monitored by cameras, cars are parked in guarded parking lots during non-working hours, physical security patrols are carried out at construction sites several times a day, and there are no payment statistics for the previous few years - this may be a justified reason for reducing the tariff. Loyal agents provide a discount to regular clients who have not received payments.

Select only the coverage you need

When concluding a contract, it is necessary to compare the coverage with the type of property insured. Sometimes, if the agreement is only for office equipment (furniture and work furnishings) located on one of the floors of a building owned by another owner, then the standard sample may still show more coverage than required.

For example, insuring desktops located in a Moscow high-rise building in case of natural disasters such as landslides, avalanches, ground subsidence or volcanic eruptions sometimes makes us smile. If this coverage affects the rise in price of the policy, then there is no point in smiling.

Another thing is a more frequent natural phenomenon - a lightning strike, which can damage electrical wiring and damage computers, electrical equipment, etc. But here, too, there is a nuance that can be hidden under the guise of an exception to compensable cases. If the agent specified a necessary condition for the occurrence of a fire after a lightning strike, then he may refuse to pay, although the equipment will suffer from voltage surges caused by lightning, but without fire.

Another example in which the policyholder can get into trouble is insurance in case of damage or robbery of his property by third parties. It is necessary to clarify the point about whether these third parties are employees of a legal entity, since the refusal of the emergency commissioner may be based on the fact that the actions of the employees were caused by intent agreed with the owner. The blame for damage to technical equipment, which lies entirely with the policyholder who allowed an incompetent specialist into the work process, can also become a reason for refusal.

Reasonable approach

The feasibility of providing asset guarantees in case of unforeseen events is beyond doubt for manufacturing enterprises and commercial companies. But to obtain real guarantees from a truly profitable deal, a careful study of each item is additionally required. Working with insurers is one of the ways to save your business if unplanned events occur that could lead to the loss of assets, possible bankruptcy, or a decrease in the authorized capital.

Studying and choosing the conditions you really need helps not only save on payments. The prudent actions of the management of legal entities provide confidence to all employees that the business will remain afloat under any probable circumstances, the consequences of which can be influenced in advance.