Author Archives: euro6807

Voluntary Medical Insurance for employees

Voluntary Medical Insurance provides medical and preventive healthcare services.

Voluntary Medical Insurance is a good instrument to foster personnel retention and motivation, while improving working conditions.

Medical Insurance Programs range from the standard “Emergency” program, which provides private ambulance and emergency medical care, up to tailored programs providing the full range of medical services.

The following medical assistance can be provided:

• Emergency ambulance
• Hospital and home care
• Dental care
• Medical examination
• Provision of drugs
• Pregnancy support and child birth
• Therapeutic treatments and more

A wide network of medical institutions provide the necessary services through Assistance companies operating on the whole territory of Ukraine.

Corporate Medical Insurance is available for companies of at least 10 employees.

International VIP Medical Insurance

Beside local medical insurance, we also offer to our corporate clients International VIP Medical Insurance for top management and expatriates. International VIP Medical Insurance gives access to top-quality health care in Ukraine or, at your choice, anywhere in the world. Our partners for that type of insurance are BUPA International and CIGNA (formerly known as Vanbreda).

In order to receive a quote for CIGNA International Health insurance, use our online quoting tool here. It will only take a couple of minutes of your time.

What can be insured?

Company road vehicles or fleets of road vehicles, namely:

• Cars
• Trucks
• Trailers
• Buses

What is the insurance coverage?

The insurance policy can cover all risks or, on client request, only a selection of risks.

Insurance risks

Damage due to accidents  Any damage or destruction of the vehicle, its separate parts or additional equipment as a result of an accident. Theft  Misappropriation of the vehicle by theft. Loss due to other events  Damage or destruction of the vehicle, its parts or additional equipment due to acts of third parties (including the theft of some parts of the vehicle or additional equipment), natural disasters, fire, explosions, animal attacks, fall of objects on the vehicle (trees, snow, rocks, billboards, etc.), damage by stones and other objects which flew out from under the wheels of other vehicles, and as a result of other random and unpredictable events. Third party liability Civil liability for damages caused to property, life or health of third parties by the accident that occurred on the fault of the driver of the insured vehicle.

Who can be insured?

The insured party can be a legal entity or an individual that concludes an insurance contract for a property that is used commercially.

What can be insured?

• Buildings, structures
• Equipment
• Machinery
• Internal communications
• Instruments
• Technical and electronic equipment
• Furniture, furnishings and interior decoration of the premises (including window glass and showcases)
• Goods, materials and other property

Covered risks

• Fire
• Explosion
• Lightning
• Fall of piloted flying objects, or their parts
• Natural disasters
• Water influence
• Illegal acts of third parties
• Breakage of windows, display cases and other similar facilities
• Other external influence: a) direct collision of vehicles or automotive vehicles into insured property; b) the direct impact of water vehicles or self-propelled floating engineering constructions; c) direct action of the shock wave of supersonic aircraft

Business interruption

Losses due to business interruption resulting of the occurrence of the risks described above can also be insured. Indemnity consists of:

• Profit loss caused by the interruption in economic activity
• Additional expenses directed to avoid reduction of the turnover

Who can be insured?

The insured party can be the project developer or the contractor.

What can be insured?

CAR (Construction All Risks) offers comprehensive coverage for all types of civil construction risks. This policy covers physical or damage to property, as well as third party liability related to work conducted on the construction site. EAR (Erection All Risks) comes under the insurance class of engineering and deals with machinery inherent in engineering related works like erection and commissioning of the project. CAR and EAR can be combined with an Accident insurance to provide full coverage for risks related to the physical integrity of the workers of the construction / erection site.

Covered risks

Builders Risk / Construction All Risks / Erection All Risks coverages include:

• Accident
• Fire
• Lightning
• Explosion
• Theft

What can be insured?

• Cargo that belongs to legal entities and shipped by any carrier, both in the CIS countries and worldwide
• Other expenses associated with the transportation of cargo
• Expected commercial profit and commission

Covered risks

Cargo insurance is provided according to international conditions to cover customer’s losses resulting from the damage to or loss of the cargo while in shipment, by any means of transport, based on one of the following conditions:

All-risk cover

The insurance event is a damage to or a total loss of all or part of the cargo as a result of any external cause. This is the broadest coverage.

Limited cover (specific perils)

The insurance event is a damage to or a total loss of all or part of the cargo as a result of any of the following risks:

• Fire, lightning, storm, swirl (other hazards stipulated by the Insurance Contract), accident or collision of vessels, aircraft and other carriers with one another, or their impact on fixed or floating objects, landing of a vessel aground, bridges collapse, explosion, damage to a vessel with ice, dampening with outboard water, measures taken to rescue or fire suppression
• Disappearance of a carrier
• Accidents during loading, packing, unloading of the cargo and while fueling a carrier

Theft is not covered by the limited cover.

Total loss cover

The insurance event is a total loss of all or part of the cargo as a result of any of the following risks:

• Fire, lightning, storm, swirl (other hazards stipulated by the Insurance contract), accident or collision of vessels, aircraft and other carriers with one another, or their impact on fixed or floating objects, landing of a vessel aground, bridges collapse, explosion, damage to a vessel with ice, dampening with outboard water, measures taken to rescue or fire suppression
• Disappearance of a carrier
• Accidents during loading, packing, unloading of the cargo and while fueling a carrier

Partial loss and theft are not covered by the total loss cover.

Special risks cover

The insured event is a damage to or a total loss of all or part of the cargo as a result of a selection of the following risks:

• Lightning, storm, swirl, earthquake, volcanic eruption and other natural disasters stipulated by the insurance contract
• Dampening with precipitation
• Disappearance of cargo along with a carrier
• Burglary, theft, robbery and other illegal acts of third parties
• Emergency landing of an air carrier
• Collision or fall of air carriers, aircraft as well as objects falling from them
• Damage to perishable cargo as a result of breakdown of refrigerator machines
• Other events related to peculiar features of the cargo and the process of its shipment specified in the Insurance contract