Mechanisms of protection against business risks

Sat. According to the current official data of the article in Georgia
232,441 - small, 3,257 - medium and 758 large businesses are registered. This is the sector that is growing especially fast from year to year, and therefore the correct use of insurance as a financial tool becomes very important for them. In recent years, small and medium-sized businesses have been particularly active in terms of corporate insurance consumption. Annual growth of SME companies in Aldag's portfolio is about 200%. Important risks for small and medium-sized businesses include the production process on the one hand and stock protection on the other. A number of cases are also related to electrical devices in the enterprise or office space.
Earthquake, storm, landslide. Flooding is one of the most common risks, which in the case of business is associated with a lot of damage, as well as theft, robbery, vandalism, etc.
on mechanisms of protection against these risks
Tamar Dzneladze, Deputy Director of Corporate Insurance of Aldagi, answers the questions:

What types of small enterprises can be insured in Aldagi?

The profile of the enterprise does not matter to us, although there are some differences in terms of risks. Conventionally, the risks of a stone processing plant and a food processing plant are different and we offer different policies for them with different coverages. It is important that before the insurance the enterprise is technically sound, the production process is protected as much as possible, and both parties must agree that the enterprise to be insured is provided with appropriate security systems.

What steps is Aldag taking to make insurance more affordable for SME?

It is generally believed that business insurance is expensive, but this is a misconception. The amounts paid to purchase insurance coverage are minimal compared to the risks that are avoided by insurance. Every business that operates should be protected as much as possible from unexpected losses, because ignoring the risks can lead the business to a serious financial crisis.

That's why we work the hardest, we try to approach as many companies as possible and even introduce all necessary insurance products for future cooperation.For these purposes, we have a special opportunity to make an appointment with Aldag's corporate insurance manager directly from social networks available to everyone.

In 2024, Aldag launched a number of projects tailored to small and medium businesses. What would you highlight?

I provide insurance for companies that own or manage warehouses and have a variety of risks related to inventory. In general, for warehouses, especially for those warehouses that are operators at the same time, that is, they serve one or more customers, deliver and assemble products, we have developed a separate, more extensive liability insurance policy, Warehouse keeper's Liability, which covers liability in the process of activity, for example, when receiving products, loading Damages during unloading, sending products to the wrong address, giving products to unauthorized persons.
This policy is a type of liability insurance, and when the insurer is found liable, it is these cases that are subject to indemnification.

A relevant product for refrigerating farms, which we offer to our partners, is Deterioration of stock Insurance, also as a result of the breakdown of the refrigerating equipment, spoilage of the existing stocks due to changes in the temperature regime, if, for example, the temperature regime was not observed, or the refrigerator was out of order and the stored products were damaged, such losses will be subject to compensation. ,

We offer and cover liability in both directions, both for ordinary dry stored stocks and for warehouses that store the customer's and/or own stocks in a controlled temperature regime, according to the relevant conditions developed for the insurance product. Warehouses in general have high cost responsibilities and business protection is especially important to them, so we actively continue to offer tailored insurance services to help this segment manage their business safely.