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TAS Insurance Group launches the TAS-Vlasna Sprava (TAS-Own Business) Insurance Program for small and medium businesses on May 5, 2009. It’s an innovative product, and a unique one on the Ukrainian insurance market of today. The new program serves to small and medium enterprise owners who operate in various fields: manufacturing, trade and services.

“The TAS-Vlasna sprava Program is an unparalleled product as it enables our customers to get a comprehensive coverage of not only property and third party liability, but also, and above all, a business interruption coverage, - says Chairman of the Board TAS Insurance Group Dmytro GrytsutaHrytsuta, - It is TAS IG only on the Ukrainian market that offers entrepreneurs an opportunity to acquire an indemnity in the amount of profits received less than one is due, or in the amount of induced expenses during a business interruption. We are sure that a demand on this product has already appeared since it really meets requirements of businessmen nowadays”.

The TAS-Vlasna Sprava (TAS-Own Business) provides coverage for real estate and tangible assets of a business purpose: an office, shop, restaurant, warehouse, hotel, workshop, land and landscape design, interior decoration of office and industrial premises, equipment, raw materials or finished products. Property (own, leased or mortgaged) can be insured against fire risks, action of water, illegal acts of third parties, natural disasters and transport risks.

“Entrepreneurs are certain to be especially interested in some extra types of insurance offered by TAS IG as part of this Program: current expenses insurance and insurance of loss of profits resulted from a temporary business interruption, - says Head of Retail Sales Department TAS IG Anna Morozova, - Now, if a company ceases its operation because of flooding or fire, it is entitled to get indemnity for restoration or replacement of damaged property, but also feel certain of receiving an amount equaling a loss of profits incurred during the forced interruption, including obligatory expenses, such as rental payment, taxes, interest on credit, etc. A breakthrough nature of the produce is that an insurant gets rid of problems connected with a source of wage payment to its employees in case of the insurance”.

Every customer of TAS IG is entitled to select the most suitable insurance options under the TAS-Vlasna sprava (TAS-Own Business) Program which includes 4 variants: Econom, Standard, Prestige and Elite. The packages meet requirements of different groups of insurants. The insurance coverage under the program may be without a franchise or on the basis of a declared value of the property; insurance premiums may be paid monthly.

Insurance under the TAS-Vlasna sprava Program for businessmen and companies in Ukraine is a real way to ensure your confidence and stability of business during the current financial crisis, - says First Deputy Chairman of the Board Anetta Huzek, - Insurance of property, liability and business interruption is a regular practice for European entrepreneurs as it allows for avoiding accumulating losses. TAS BusinessVlasna sprava is a well-timed response to the crisis”.