Protection from the temporary cessation of the production process.

Insurance in our country is gaining momentum every year. Property risks are insured today, both physical and legal persons. However, recently, many entrepreneurs have turned to insurance companies in order to obtain an additional type of insurance, payments on which are made when production has been suspended due to an accident. Such situations are usually called interruptions in production by insurers.

Insurance against possible damage.

Due to the fact that modern cities are developing intensively, it has long been no rare occurrence of fires, various man-made disasters or other natural disasters. At the same time, naturally, not only ordinary citizens suffer, but also the majority of enterprises. Therefore, it is not by chance that insurance has recently gained popularity from such cases. This is explained by the fact that after such emergencies the equipment of the enterprise can be seriously damaged. As a result, some conveyor lines in the plant will stop or the production process will stop completely. Moreover, the damage from interruptions in production can amount to a substantial amount. Thus, there is a situation when the current expenses of the organization remain, but it will not receive the planned profit. Under current costs understand:

1) staff salaries;

2) repayment of the loan taken from the bank;

3) payment of the lease value of the shops of the enterprise;

4) annual payment of taxes and similar expenses.

That is why insurers increasingly offer managers of enterprises insurance against the possible occurrence of interruptions in production. The essence of it is that the insurance company, when signing the relevant agreement, undertakes to pay the enterprise in case of a situation that actually led to a temporary stoppage of the production process. Insurers today offer a variety of options for insurance programs, the conditions of each of which depend on the individual indicators of enterprises.

There are also types of insurance against interruptions in production, which additionally provide for certain payments to companies to cover the costs that they need to spend in order to restore the production process. Sometimes insurers compensate and repair equipment needed to start production capacity. Since all listed losses are a consequence of damage to production, as well as to the property of the enterprise, this type of insurance is signed as an addition to the main document - property insurance. It is worth noting that insurance against interruptions in production has long been successfully used in most European countries, as well as in the United States of America.