Insurers will work with the military risks of Ukrainian elevators

The KMZ Industries company begins cooperation with the largest insurance company in Ukraine — the ARX group, together with which they offer insurance of elevators against war risks. As noted by KMZ Industries, today Ukrainian farmers continue to build and expand capacity at their own peril and risk, and they are justifiably afraid of the existing military risks, because the consequences of "arrivals" can be of different scales. 

Since 2022, the specialists of the agricultural company have carried out a number of repair and restoration works on elevators that were damaged by debris, and therefore they understand how big business losses can be due to this factor. According to Boris Rybachuk, deputy general director of KMZ Industries for development, the insurance service will be relevant both among small farms and among large companies, because now farmers can get insurance coverage for a very small payment, compared to the reimbursement limit.

The service "Insurance of property against military risks" provided by ARX provides coverage for loss or damage to insured property exclusively as a result of direct and/or indirect impact from missiles, UAVs of any type, flying ammunition, anti-aircraft and anti-missile defense equipment, any their fragments.