A complete insurance glossary for businesses in Uzbekistan: learn key terms such as commercial property insurance, third-party liability, and business interruption insurance. Practical explanations will help entrepreneurs choose the right insurance products, minimise risks, and ensure business continuity.
13
13 terms
248.6 billion
Employer's civil liability premiums
61.3 billion
Construction and erection risk premiums
24.1 billion
Hazardous facility insurance premiums
A specialist who determines and explains the value of property. For a damaged car, an appraisal helps estimate repairs but does not replace the insurer’s decision on payment.
A captive insurance company is an insurer created and controlled by a company or group primarily to insure the risks of its owner and affiliates.
An earthquake is strong shaking of the ground caused by movement in the earth’s crust, which can damage houses, apartments, buildings, roads and property.
Glass Breakage Insurance protects windows, shopfronts, doors, partitions and other glass elements against breakage, cracks and accidental damage.
An insurance adjuster is a specialist or organisation that investigates an insured event after it happens, assesses the causes and amount of damage, and prepares a report to help settle the claim.
Medical transportation services are the arrangement of transporting an insured person to a clinic, between medical facilities or home when their health condition requires it and the service is included in the policy.
Movable property means items that can be moved, while immovable property means objects firmly connected to land, such as a house, apartment, building or land plot
A power of attorney is a document by which one person allows another to act on their behalf: sign documents, contact the insurer or receive a payout.
Product Liability Insurance protects a company against claims if its product causes injury, property damage or financial loss to a customer or third party.
Risk accumulation is a situation where many insured objects may be affected by one event, making the total loss for the insurer very large
This is an object or activity that, by its nature, creates a higher risk of causing harm to other people, such as a vehicle, a construction site, or industrial equipment.
This is a situation where property or a vehicle is destroyed or damaged so badly that it can no longer be reasonably restored or used for its intended purpose.
Vehicle theft is a situation where a car or another vehicle is unlawfully taken without the owner’s consent, leaving the owner unable to use it.
Our experts will help you choose the best insurance coverage
A fire occurred at the "BREAD" bakery, damaging the equipment. The owner had a business interruption policy. The repairs took two months.
The insurance company covered the repairs and compensated for the lost profit for two months of downtime. This allowed paying salaries and rent until the business was up and running.
An employee of the IT company "DOTEUZ" suffered a workplace injury resulting in disability. The company had an employer's liability insurance policy.
The insurance company took over the payment of a monthly allowance to the victim. This protected the company from major expenses and supported the employee.
A visitor slipped on a wet floor in the "OSTERA" restaurant and suffered a fracture. He filed a lawsuit against the restaurant for reimbursement of medical expenses.
The restaurant had a liability insurance policy. The insurance company paid for the treatment and settled the claim, preserving the establishment's reputation.
Now that you understand the risks, it's time to act. We offer comprehensive solutions to protect your business — from liability to employee insurance.
English