Cutting edge-science2022 Shawnee, usa

CUTTING EDGE-SCIENCE 
2022 Shawnee, USA October 
Among the most common methods of minimizing risks are insurance. 
Insurance as a way to minimize risks is a transaction for the transfer of risk by 
concluding a bilateral contract. Risk insurance is a relationship to protect the 
property interests of an entrepreneur in the event of certain events (insurance of 
cases) at the expense of monetary funds formed from insurance premiums paid by 
small enterprises [4].
The number of limiting factors in the development of small business insurance 
significantly exceeds the number of stimulating factors. Limiting factors include the 
insurance illiteracy of small business executives, as well as the unwillingness of 
managers to allocate sufficient funds for insurance. As a result, a small business is 
either not protected from risks in the future, or the employer buys the cheapest 
version of insurance coverage. As a result, in the event of losses, the insurance policy 
may not provide for payments on it, since this insurance risk is included in the list 
of exceptions. The next limiting factor is the state's unstable tax policy towards small 
businesses, as a result of which most of them work in the "shadow" business, and 
the assets subject to insurance, as a consequence, will also remain in the "shadow". 
Another factor limiting insurance is the high cost of insurance products offered for 
small businesses. They can be reduced only through the use of mechanisms of state 
regulation, direct participation of the state in subsidizing the costs of small 
businesses for insurance. 
Bibliography 
1. Tokarenko, G. S. Methods of risk management in the company // Financial management. 
2006. No. 4. P. 130–143. 
2. Radugina, V. S. State support as a factor in accelerating the investment of funds in the 
development of small enterprises // Ros. entrepreneurship. 2009. No. 4 (1). pp. 35–39. 
3. Alekseeva E. L. Insurance as a factor in the development of small business (on the 
example of the Chelyabinsk region). Bulletin of the Chelyabinsk State University. 2014. No. 2 
(331). pp. 25–28. 
4. Tsyganov, A. A. Features of small business insurance / A. A. Tsyganov, D. V. Bryzgalov 
// Financial Director. 2005. No. 1. S. 15–18.