FEATURES OF INSURANCE INTEREST IN BUSINESS

Author(s): Romanova I.N.

Rubric: Civil, business and contract law

DOI: 10.21777/2587-9472-2020-3-29-36

Release: 2020-3 (25)

Pages: 29-36

Keywords: entrepreneurial risk, harm, insurance interest, insurance protection, insurance risk, risk management, legal liability

Annotation: In the article, based on the study of scientific works, analysis of the current legislation and reference judicial practice, specific aspects of the interest of business entities in ensuring the protection of business from possible risks associated with the activities carried out through a universal insurance mechanism are investigated. It is noted that an event considered as an insurance risk must have signs of probability, that is the potential for an occurrence, as well as randomness, which is usually associated with the lack of awareness of the interested person regarding the occurrence of this event. It is substantiated that the separation of private and public principles in the structure of the insurance interest allows to resolve the dispute existing in science about the purposes of insurance, which cannot be limited only to the protection of the interests of the weak party, even in compulsory insurance relations.

Bibliography: Romanova I.N. FEATURES OF INSURANCE INTEREST IN BUSINESS // Journal of Legal Sciences. – 2020. – № 3 (25). – С. 29-36. doi: 10.21777/2587-9472-2020-3-29-36