“YPF Operators Association Urges Businesses to Review and Update Operational Risk Insurance Policies”

The YPF Operators Association issued a statement last week for the entire YPF Station Network suggesting businesses review and update business insurance policy amounts“in particular that of ALL OPERATIONAL RISK”, including the amount of building and content fire insurance, theft and others, and civil liability.

As analyzed by the AOYPF, In a context of high exchange rate and inflationary complexity, it is necessary to evaluate each aspect of the businessincluding this type of insurance “considering that the insured values ​​are indicated in dollars at official price” and these numbers may have distortions regarding the real cost of the investments and the value of the merchandise.

The AOYPF also shared in its statement a coverage certificate so that operators take into account the values ​​that must be observed when renewing insurance.

“We also suggest taking into account the requirements included in the aforementioned policy for coverage in case of theft according to the amounts involved.” they indicated from the entity.

Lastly, the AOYPF recommended that all policies “adequately cover the risks associated with their commercial activity, the replacement value of the assets covered and eventual civil liabilities”, emphasizing that all Policy amounts can be updated at any time of the yearmaking that request through the commercial representative of YPF.