A new government program for insuring business property against war risks has officially started in Ukraine. The first participants are five companies that have submitted applications to protect their assets in case of damage or destruction due to hostilities.
This is reported by Business • Media
First Applicants – Companies from Frontline Regions
Among the first applicants is Suziria Group – a group of companies from Kharkiv specializing in pet products. As Prime Minister Yulia Svyrydenko noted, this company has managed to preserve jobs in the frontline city despite the war, maintaining the operation of its office and logistical-production facilities. The new state insurance mechanism has provided it with the opportunity to plan further development even in the face of increased risks.
“Despite the war, they have preserved jobs in the frontline city: one of the offices and logistical-production facilities. For the company, the new mechanism from the state has become one of the opportunities to plan its development even under war risks,” Svyrydenko said, adding that the other four applicants are also companies from frontline regions.
Features of the New Business Insurance Program
According to Svyrydenko, the program was developed in response to numerous requests from businesses operating under constant attacks from Russia on Ukrainian enterprises and infrastructure. It includes two main areas of support:
- Direct compensation for losses for companies located in frontline regions.
- Partial compensation of the insurance premium for businesses across Ukraine.
For companies operating in frontline areas, the maximum possible compensation amount from the state is up to 10 million hryvnias for property that has been damaged or destroyed since January 1, 2026. A mandatory condition for participation is a one-time payment of a contribution equal to 0.5% of the total potential loss.