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Risk management in the sphere of state economic security provision using professional liability insurance

Document Type : SPECIAL ISSUE

Authors

1 International Relationships, International Information and Safety Department, V.N. Karazin Kharkiv National University, Kharkiv, Ukraine

2 Department of Economy of Air Transport, National Aviation University, Kyiv, Ukraine

3 Department of Entrepreneurship and Business, Kyiv National University of Technologies and Design, Kyiv, Ukraine

4 Department of Economics and Marketing, Kharkiv Petro Vasylenko National Technical University of Agriculture, Kharkiv, Ukraine

5 Department of Organization of Production, Business and Management, Kharkiv Petro Vasylenko National Technical University of Agriculture, Kharkiv, Ukraine

6 Department of Business, Trade and Exchange Activity, Kharkiv Petro Vasylenko National Technical University of Agriculture, Kharkiv, Ukraine

Abstract

This study contains a comprehensive scientific analysis of modern problems of risk management in the sphere of state economic security provision using professional liability insurance. The elements of the mechanism for providing economic security are defined, namely: subjects, objects, and instruments of influence. It is stipulated that insurance is the means to provide state economic security. Here are types of insurance that are important for the state and its economic security and we have focused on one of these types, namely: professional liability insurance. It is shown that this type of insurance helps to manage the risks in different business activities. The concept of this type of insurance has been researched. It is identified as its characteristics. The classification of this type of insurance has been performed. It is proved the effectiveness of insurance as a method to provide the protection of the economic interests of all entities by transferring part of the risks to professional participants of the insurance market.

Keywords

Main Subjects

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Global Journal of Environmental Science and Management
Volume 5, Special Issue
2019
Pages 51-60
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