PJSC "PRESTIGE COMPANY" offers enterprises to enter into an insurance agreement to ensure insurance protection against potential material losses in the event of the policyholder’s liability to compensate for damage caused to third parties as a result of performing hazardous works or operating high-risk machinery, mechanisms, and equipment.

What is insured?

The policyholder’s property interests, which do not contradict Ukrainian legislation, and are related to compensation for damage caused to third parties as a result of performing hazardous works or operating (using) high-risk machinery, mechanisms, and equipment.

Who can be the policyholder?

Business entities operating high-risk machinery, mechanisms, or equipment.

What is considered an insured event?

Direct damage caused to the life, health, and/or property of third parties as a result of the policyholder’s business activity during hazardous works or the operation (use) of high-risk machinery, mechanisms, or equipment.

What is the insurance amount?

The insurance amount is determined by mutual agreement or in accordance with the requirements of Ukrainian legislation.

What is the cost of the insurance contract?

The insurance rate ranges from 0.25% to 3% of the insured amount depending on:

• the nature of hazardous work or operation/use of high-risk machinery/equipment;
• the insurance contract period;
• the terms of the policyholder’s business activity;
• the limit of insurance compensation per insured event;
• the amount of the deductible (franchise);
• whether there have been insurance claims under previous policies;
• other factors.

What are the insurance payout amounts under the contract?

For damage to life and health of third parties — as a percentage of the insured amount by agreement or according to the law.
For damage to natural resources, protected areas, and reserves — as a percentage of the insured amount by agreement or by law.
For damage to the property of third parties — as a percentage of the insured amount by agreement or by law.

Is there a deductible?

The deductible (franchise) starts at 1% of the insured amount and is defined in the agreement by mutual consent or according to the law.
In all cases, the deductible does not apply to compensation for damage to life and health of third parties.

What is the duration of the insurance contract?

The contract is concluded for a term of up to 1 year.

Information about the insurance product and the insurer is available at:
https://prestige-ic.com.ua/ua/help-to-client/insurance-products/

Information about PJSC "PRESTIGE COMPANY" is available at:
https://prestige-ic.com.ua/storage/other/Pro_kompaniyu_as_intermediary_2025_03_10.pdf

You can also contact our specialists by phone or leave a request on the website.