Recently, more and more businessmen are realizing how important it is to carry out insurance of entrepreneurial risks. This procedure involves compensation for damage subject to an insured event. In fact, this is a comprehensive insurance against various kinds of losses.
Of course, many are trying to save some of the financial resources and do not carry out insurance of entrepreneurial risks, because in case of successful business development , insurance premiums are not returned. However, it is worth noting that insurance is not only a tool to reduce the risk of bankruptcy, but also a testament to the reliability of the enterprise. So, for investors, investing will seem more profitable and safe.
There are various types of insurance of entrepreneurial risks, but they all depend on the subject or insured event. Often, owners seek to protect themselves from probable losses from major transactions and operations, especially in the exchange of goods. Often, insurance is carried out on the property complex of an institution against destruction in catastrophes or cataclysms. In connection with the rather difficult economic situation in the country, in recent years, bank deposits have been actively insured on deposit and settlement accounts. And credit organizations, in turn, seek to secure their own activities, therefore they insure against the repayment of loans and borrowings. In addition, the leaders of large companies clearly distinguish between core, financial and investment activities. This criterion can also be a sign when dividing insurance cases into specific types.
Business risk insurance, like any transaction, must be documented and certified by the signatures of the parties. An agreement is concluded between the insurance company and the client, in which insured events, the amount of periodic contributions, the subject, object and subject of insurance, as well as the basic rights and obligations of the parties are indicated. Until now, specialists cannot attribute this type of insurance to a specific industry, because the concept of “risk” is considered quite extensive and includes many facets. In this regard, the entrepreneur is able to protect himself from losses due to the supply of low-quality goods, irresponsible behavior of the counterparty, non-payment of receivables, damage to property.
In fact , entrepreneurial risk insurance gives the owner confidence in the successful operation of the enterprise, the absence of major losses in a particular area of its functioning. That is why each organization should timely insure its activities. This can increase the company's reputation, which means that attracting additional investment sources will accelerate. The high level of security and reliability of the financial activities of the organization enables managers to carry out long-term planning.
Of course, entrepreneurial risk insurance should be carried out only if there are serious advantages. It is best immediately before concluding a contract to assess the degree of effectiveness of such a relationship. For example, we can safely say that the value of the company in the presence of an insurance agreement will be an order of magnitude higher than in the absence of it.