Publication details

Protection Options of a Commercial Insurance Company within the Insurance Relationship: an Introduction to the Issue

Authors

NEČAS Svatopluk

Year of publication 2014
Type Article in Proceedings
Conference 24th IBIMA Conference Crafting Global Competitive Economies: 2020 Vision Strategic Planning & Smart Implementation
MU Faculty or unit

Faculty of Economics and Administration

Citation
Field Management and administrative
Keywords insurance relationship; protection options; commercial insurance company
Description This paper deals with protection options of a commercial insurance company within the insurance relationship. The aims of this paper are to define these options, carry out their systematization and reflect on their importance. The paper only contains a theoretical part and it should be perceived as a philosophic introduction to this issue. The methods of analysis, deduction and synthesis are used in the paper. It is possible to specify the following protection options of an insurer: repudiation of cover, exclusions, deductible, indemnity limit, probation period, waiting period, indemnity cutback and repudiation of claim. All these options are defined in the paper.

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