The role of insurance in providing economic safety of business entities

Abstract

The problem of accident rate connected with the use of automobile transport has become especially relevant in the recent decade due to discrepancy between the road-transport infrastructure and the needs of the society in secure road traffic. It is also caused by inadequate efficiency of the functioning of the system of providing traffic safety as well as by extremely low discipline on the part of the participants of traffic. The regional economy suffers significant damage due to traffic accidents (TA). To ensure economic safety (ES) of the participants of traffic and mitigation of financial effects of road accidents the institute of insurance is widely and actively used in world practice. It allows providing compensation of personal and property damage done to both natural and legal persons that suffered on the road as well as to a third party that turned out to be victims of road accidents by chance. However, in Russia the given mechanism has not acquired proper development