Corporate Insurance: Protection and Guarantees for Business

Corporate Insurance in Uzbekistan: Protection and Guarantees for Your Business

In today’s business environment, corporate insurance is becoming an integral part of effective risk management. Every day, companies in Uzbekistan face various threats—from natural disasters to workplace injuries. A properly organized corporate insurance system not only protects a business’s financial interests but also ensures compliance with legal requirements.

According to statistics, more than 70% of businesses without insurance coverage cease operations within a year after experiencing significant damage. This highlights the critical importance of a comprehensive approach to managing corporate risks.

Mandatory Types of Corporate Insurance in Uzbekistan

Employer Liability Insurance (OSGOR)

Mandatory employer liability insurance (OSGOR) is a legal requirement for all companies with hired employees. According to Resolution No. 177 of the Cabinet of Ministers dated June 24, 2009, every employer must insure their liability to employees.

OSGOR Calculation Formula:

Wage Fund × 0.1% × Industry Risk Coefficient

Risk coefficients vary by industry:

• Food service – Class 3 (K=1.143)

• Textile manufacturing – Class 15 (K=4.571)

• Coal mining – Class 20 (K=7.714)

OSGOR covers a wide range of risks:

• Workplace accidents

• Occupational diseases

• Medical expenses for treatment

• Compensation for loss of working capacity

• Death benefits to family members

Carrier Liability Insurance (OSGOP)

Companies involved in passenger transportation are required to have OSGOP – civil liability insurance for carriers. This type of insurance provides coverage of up to 44 million UZS per passenger, including 40 million UZS for harm to life and health, and 4 million UZS for property damage.

Lack of an OSGOP policy may lead to:

• Fines up to 5 BRV

• Suspension of business operations

• Licensing issues for transportation activities

Voluntary Corporate Insurance

Property Insurance

Corporate property insurance protects a company’s physical assets from various risks. Euroasia Insurance offers comprehensive coverage including:

• Natural disasters: Protection against floods, earthquakes, hurricanes, hail, snowstorms, and other catastrophic events

• Fire and explosion: Coverage for damage caused by fire and energy releases

• Unlawful acts by third parties: Protection against arson, theft, vandalism, and other misconduct

• Water damage: Compensation for damage caused by plumbing, sewage, heating systems, or water infiltration from adjacent areas

Specialized Insurance Products

Corporate insurance also includes specialized solutions for specific industries:

• Professional liability insurance protects against financial losses due to professional errors, especially relevant for consulting firms, medical institutions, and IT companies

• Cargo insurance ensures the safety of goods during transportation, which is crucial for trading and import-export businesses

Advantages of Partnering with Euroasia Insurance

With over 25 years of experience in Uzbekistan’s insurance market, Euroasia Insurance offers corporate clients significant benefits:

• Fast processing: All types of corporate insurance can be arranged online in just 5 minutes via the company’s official website

• Reliability: Licensed by the Ministry of Finance and internationally rated for financial stability and performance

• 24/7 support: A round-the-clock support team is available to assist with any client inquiries

• Flexible pricing: A personalized approach ensures optimal pricing and coverage balance for each client

Conclusion

Corporate insurance today is not just a legal requirement but a strategic risk management tool. A well-structured insurance system ensures business stability, protects against unforeseen financial losses, and fosters favorable conditions for growth.

Choosing a reliable insurance partner is essential to maximizing the effectiveness of corporate insurance. Euroasia Insurance provides comprehensive solutions tailored to the needs of various industries across Uzbekistan.

Contact Euroasia Insurance

If you have questions about corporate insurance or would like a personalized consultation, please contact the experts at Euroasia Insurance:

Phone: +998 (71) 202-00-02

Website: eai.uz

Address: 108 Amir Temur Street, Tashkent

Our specialists will help you select the optimal insurance program and provide professional support at every stage of cooperation.

Frequently Asked Questions

What types of insurance are mandatory for all employers?

All employers in Uzbekistan must provide OSGOR – liability insurance for harm to employees. Carriers must also obtain OSGOP.

How is the cost of OSGOR calculated?

The cost is calculated as: wage fund × 0.1% × industry risk coefficient. The coefficients are set by the Cabinet of Ministers based on the level of professional risk.

Can corporate insurance be arranged online?

Yes, Euroasia Insurance offers online registration for all types of corporate insurance. The process takes no more than 5 minutes and is available 24/7 via the official website.

Prepared by the experts at Euroasia Insurance. Information is current as of October 7, 2025. For the latest rates and conditions, please contact our specialists.

Tags: corporate insurance, OSGOR, OSGOP, property insurance, business insurance, Uzbekistan

Category: Corporate Insurance