Insurance of Assets as a Risk in Wood Sector

Abstract

The analysis of the existing situation in four companies involved in wood processing has shown that all of these were covered by insurance policies. The study revealed that the observed companies do not see the need for high-quality insurance. A trend was noted, albeit too slow, towards a wider and more comprehensive insurance coverage of assets and assets interests. At the same time there is a high and significant risk of a possible major accident that is not covered by insurance policies. The stability of companies is based on operations security, and better quality of assets and assets interest insurance would result in higher security of operations. Assets insurance is a specific issue and a wider perspective is required in order to properly present the need for insurance. The present paper will show that assets insurance is indispensable. The results of the study indicate that in the forthcoming period the insurance of assets and assets interests will become more essential and more significant.

Keywords

• wood processing
• insurance premium
• assets insurance
• insured risk
• insurance policy