Analysis of insurance conditions as a tool to ensure physical protection in the Czech Republic

Abstract

Corporate companies are exposed to a large number of risks, which they have to deal with on a daily basis. Security management always considers which risks need to be avoided, eliminated and which can be accepted. It is possible to protect the company from the effects of some of them by transferring them to insurance companies. Insurance companies cannot prevent crisis situations, but they can help the company with the financial costs incurred. The article describes a model company and its physical protection settings. Furthermore, an insurance contract is introduced, which covers the insu rance risks of damage, destruction and theft of property and overall business liability. The aim of the article is to explain not only the insurance conditions of insurance companies, but also the attitudes of insurance companies in compiling insurance offers in connection with the degree of physical protection. © 2022 IEEE.