Insurance Solutions of Covering Agricultural Risks: The Case of the Czech Republic
Insurance Solutions of Covering Agricultural Risks: The Case of the Czech Republic

Author(s): Eva Vávrová
Subject(s): Business Economy / Management, Agriculture
Published by: Masarykova univerzita nakladatelství
Keywords: risk; risk management; insurance subsidies; commercial insurance company; crop insurance; livestock insurance;
Summary/Abstract: The aim of this paper is to analyze the possibility of eliminating risks of agricultural production and to analyze the current forms of covering the risks associated with agricultural production on the commercial insurance market in the Czech Republic. Insurance is a factor limiting and reducing uncertainty in the agriculture business. It helps to mitigate and eliminate risks, and it regulates the severity of risk occurrence and allows the business continuity in the event of total loss of production. The analysis shows the importance of a functioning system of agricultural insurance in the Czech Republic.

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