Foreign and local companies in Ukraine have adjusted to the new realities and continued to work and try to expand their operations during the war. Moreover, many companies are considering entering the market early so as not to miss out on Ukraine’s reconstruction, but are prevented by internal policies that do not allow them to enter the market without proper insurance coverage.
In response to market needs, Willis Towers Watson (WTW) developed Personal Accident and Emergency Medical Assistance insurance in Ukraine. According to WTW General Director Vyacheslav Andriyko, for organizations contemplating entry into the Ukrainian market, due consideration should be given to the increasing emphasis on the duty of care and the necessity of providing the best possible protection to their staff and contractors working on behalf of the insured organization.
What can be covered?
- Death
- Disability (total or partial, temporary or permanent) from any accidental cause
- Emergency medical assistance costs, up to USD 750,000 for every loss, including:
– A 24-hour helpline to assist in medical emergencies
– In-country first responder medical teams
– Existing relationships and contracts with local medical providers
– Evacuation and repatriation when medically necessary
– The ability to arrange payment with local hospitals and service providers