Annotation

While operating and carrying out economic activities, enterprises in the economic sphere, including agricultural enterprises, face risky situations which are inherent in economic sphere for market economies. In their risk management, agricultural enterprises must take into account the conditions in which their agro-industrial activities take place with the definition of the main goals and objectives, which are determined by them. The author of the research consider these conditions should be properly considered.

The agricultural sector and the results of its profits are closely connected with risks and natural factors, such as unpredictable droughts or downpours, or cool frosts which can destroy production that can lead to its losses and appropriate receiving of damage. Moreover, the mechanism of insurance is the most acceptable and economically justified means of protecting farmers from the risk of damage or destruction of agricultural products due to adverse of climatic factors and other events.

Taking into account the results of the present research, the author identified and proposed such types of insurance which provided compensations of damage in the case of an insured event, which in turn will provide the formation of the doctrine of economic security of agricultural enterprises, for example: property insurance; crop insurance; title insurance of land rights; land quality insurance; liability insurance of landlords and users of land; insurance of responsibility of owners and users of land; product quality insurance; risk hedging; self-insurance; life and health insurance for employees.

Having explored the advantages and disadvantages of forming self-insurance funds, it is proposed to use a self-insurance scheme based on diversification of interests on deductions depending on the level of net profit of the agricultural enterprises, which can be used to increase the accumulation of money to quickly cover the damage.