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PRACENAUKOWEUNIWERSYTETUEKONOMICZNEGOWEWROCŁAWIU
RESEARCHPAPERSOFWROCŁAWUNIVERSITYOFECONOMICS
nr2632012
QuantitativeMethodsinAccountingandFinance
ISSN1899-3192
MagdalenaChmielowiec-Lewczuk
WrocławUniversityofEconomics
BUSINESSINSURANCECOSTINGFORTHEPURPOSE
OFDECISION-MAKINGCALCULI
Summary:Therangeofinsuranceproductsisextremelyextensive,includinginsurance
directedatbothnaturalpersonsandbusinessentities.Insuranceaddressedtoentrepreneurs
isanextremelyindividualproductnormallypreparedbasedontheindividualneedsand
considerationsofagivenbusinessentity.Despitethefactthatinthecontextofusing
insuranceasariskmanagementmethoditscostisonlyoneofthefeatureswhichdetermine
thestructureofaninsuranceportfolio,inpracticeitisfrequentlythemostsignificantfactor
contributingtoadecisiononpurchasinginsurance.
Keywords:businessinsurance,premiumcalculation,costofinsurance.
1.Businessinsurance
Therangeofinsuranceproductsisextremelyextensive,includinginsurance
directedatbothnaturalpersonsandbusinessentities.Althoughaseparategroupof
insuranceaddressedtoentrepreneursisnotdistinguishedinthebasicandstatutory
classificationofinsurance,suchinsurancemaybeidentifiedduetothenatureof
theseproductsandexpectationsofthisgroupofclients.Sincethereisnoformal
nameforthistypeofproducts,theyusuallyfunction,particularlyinpractice,asa
partoftheofferofinsurancecompaniesunderthename“businessinsurance”.
Theseproductsareintendedforbusinessentitiesasapossibilitytosecurethem
againsttheimpairmentofassetsortheincurrenceofhighandunexpectedcosts
resultingfromvarioustypesofloss.Thedecisiononpurchasinginsurancebya
businessentityisconditionedbymultiplefactors,amongwhichthecostofsuch
insuranceisthecrucialelement.Therefore,theaimofthepresentpaperisto
presentthecostingrelatedtotakingoutinsuranceinthecontextofmakinga
decisiononitspurchase.
Insuranceaddressedtoentrepreneursisanextremelyindividualproduct
normallypreparedbasedontheindividualneedsandconsiderationsofagiven