Property Insurance

1.  Insurance  of property against  fire and other dangers

What can be insured?

•  Buildings and structures;
•  Vehicles and equipment (industrial, engineering and technological, storage, trading, refrigerating and etc);
•  Office and manufacturing  buildings and their furnishings;
•  Computer equipment;
•  Furniture, production and household fittings;
•  Goods, raw materials and finished products  in storages, refrigerators, working facilities and sales area;
•  Glasses,  mirrors, shop windows, billboards;

Against what your  property  can be insured?

Fire – accidental occurrence and distribution of fire on object, inside of the  object or from object to object;

lightning stroke;

Falling down of aircraft planes or their parts to the insured property.

Explosion of steam boilers, gas-holders, gas pipelines, containers. Working under the pressure, or other similar devices and also explosion of explosive materials  and gas, used for  domestic and  industrial needs.

• Naturaldisasters;
• Failure in water supply, heating and sewerage or automatic fire fighting systems;
• Flooding, penetration of water or other liquids from the neighboring rooms;
• Burglary, plunder and robbery;
• illegal actions of the third parties directed to damage or destruct  the insured property.
• equipment breakage as a result of voltage difference in an electric circuit;
• breakage of  window glasses, mirrors, shop-windows.
• Collision of the vehicles, not belonging to the Insured.

Insurance amount under the insurance contract is established  by agreement of Parties, but not exceeding  market price of the  property as from the date of the contract conclusion.

2. MOTOR CAR INSURANCE PROGRAM

What can be insured?

Passenger cars and motor vans, trailers and semi-trailers, buses, micro-buses, motorcycles, agricultural and construction machinery and power-fed mechanisms, etc

Against what insurance can be made?

1) road traffic accident (RTA): an event, which occurs to a car when driving along the road or with its involvement, when collision with another care occurs, movable or immovable objects (buildings, barriers, birds, animals, etc) are run into (clashed), a car tipples, subsides and also when some objects fall on it;

2) illegal actions of third parties: high jacking, robbery, auto (property) theft or its separate parts, details, additional equipment, appliances and luggage, and destruction or damage related with high jacking, robbery, theft or an attempt of high jacking, robbery, theft and damage to a car as a result of illegal actions of third parties not related to high jacking, robbery, theft or an attempt of high jacking, robbery and theft;

3) natural disasters: storm, hurricane, hail, lightning stroke, earthquake, mudflow, snow-slip, flood, inundation, impoundment, land subsidence;

4) other unforeseeable events: fall of foreign objects, fire, explosion, fall under ice, damage to water supply, heating or sewage systems, fall from a bridge

 What the cost of Insurance Police depends on?

• Make/model of a car;
• Car year;
• Storing place of a car at night and availability of anti-joy devices;
• Number, seniority and age of people permitted to drive a car;
• Purpose of a car use;
• Amount of franchise;
• Areaofinsurance;

List of documents to enter Insurance Agreement:

• Registration Certificate for a car;
• Driving License;
• Power of Attorney to drive a car;

3. Insurance ofair transport

Insuredis a legal or natural person - the owner of the aircraft or its operator, who operates the aircraft on legitimate grounds.

The object of insuranceis theair transport.

- Passengerand cargo aircraft,

- Aircraft for special purposes,

- Gliders, hang gliders, airships and balloons

Insurance risks:

а) The loss ofthe aircraft, missing:

- As a resultof happened event the aircraft is physically damaged and become completely unusable for flight operations (total loss) or when the emergency repair of the vessel is technically impossible or cost to repair economically feasible (constructive loss) and greater than the sum insured;

-The aircraft after the planned departure has not arrived at destination and activities on its search for 60 days produced no results or the search has officially terminated earlier period;

- The loss ofan aircraft crash landing caused by inaccessible and unusable for the evacuation of the vessel area.

б)  Damage ofthe aircraft - a violation of the integrity of the design elements or deformation of the aircraft is recognized as an insurance case, if the damage caused by repeated exposure than ever and the result was the loss of damage to health (airworthiness) of the aircraft.

The insurershall reimburse the Insured for the repair of the aircraft to the extent necessary to restore the aircraft to the same condition and packaging, which it had before the accident.

The sum insured. Insurance amount is determined by the insurer on the basis of the insured value of the aircraft - its real price at the time of the Treaty.

The tariff of insurance is determined by the selected insurer terms of insurance, term and other factors.

4. CONSTRUCTION AND  ASSEMBLY RISKS  INSURANCE PROGRAM

What can be insured?

1.      Construction works, including construction materials and structures, salary, transportation costs, customs fees and dues, and also construction elements and materials, supplied by a Client.

2.     Assembly works, including mounting equipment, salary costs, transportation costs, customs fees and dues, and materials, equipment and services provided by a Client.

3.     Equipment of construction site (temporary buildings and structures, storage rooms, scafrolding, engineering services and ets) according to a list attached to the insurance agreement.

Insured risks:

- fire - non-controlled process of burning out  of special fire place prejudicial  material damage  and endangering for people. Inflammation as the result of lightening striking, explosion of gas used with domestic and industrial  purposes, damages in the electric equipment system, explosion of steam, fuel and  gas pipes and corresponding  storehouses, cars,  mechanisms, boilers and units);

- explosion - impetuous ejection of heavy number of energy based on aspiration of  gases or steams to extension,

- lightning, impact of current;

- spout, hurricane, storm;

- snow avalanching, mudflow, floods;

- landslide, mudslide, soil subsidence, underflooding by groundwater;

- earthquake;

- unlawful actions of the Third party, theft with breaking in, robbery, brigandage;

- collision of  transport means (equipment, mechanisms and etc), not owned to the Insured  (Beneficiary);

- crash of aircrafts or their parts;

- an accident occurred  at  carrying out of blasting, drilling, gas-arc welding  (cutting) and other  construction and assembly works to be implemented at the construction site;

- failure or damaging of the construction scheme including by collapsed  or dropped parts; 

- drop of mounting items and etc.

Insurance period:

The liability of the Insurer  starts from the moment of works commencement  or after unloading of insured property at the construction site indicated in the policy but not before the date specified in the policy and continues during the whole period of the construction,  assembling, free running and  working testing of the equipment. 

5. Cargo Insurance

Insurance object: the cargo by any mode of transportation (rail, road, air transport, maritime etc.)

Insurance risks: insurance covered the losses from damage or total loss of all or part of the cargo in consequence of:

• disaster: lightning storm, tornado, volcanic eruptions, and others, not be influenced human events, emergencies arising from natural causes;
• collapseor collision of carriers with each other, hitting them on stationary or moving objects, falling aircraft (including the "bad" weather conditions for landing), and accidental release of cargo from aircraft;
• fire, explosion, as well as measures taken to save the cargo, or for fire fighting;
• missing ofthe cargo with the vehicle;
•  
• stolen cargo and illegal actions of third parties;
• lossesfrom damage or total loss of cargo due to an accident during loading, stowage or unloading of cargo and refueling fuel conveyance;
• allnecessary and reasonableexpenses incurredin order to saveor reduce thelossof cargoanddetermine itssize,ifthis riskis providedunder the termsof insurance.

Ratesof insurance are set individually for each cargo shall be determined after filling the insurance application and depends on:

6. Insuranceof financial and commercial risks

The object of insuranceis the property interests of the Insured related to non-receipt of expected earnings due to violations of the obligations performed by the Insured contractor (employer) for reasons beyond the Insured's circumstances.

Insured event is afailure(improper execution) of treaty obligationsof the Insuredcontractorunder the contract (agreement) between them inthe manner and timestipulatedin the Insurance Contract, which resulted in the emergenceof lossescaused bythe Insuredandone of the followingevents specifiedin the contractof insurance:

a) Thesuspension of production, reduction in productiondue to fire, explosion, accident,natural disaster;

b) the debtor's bankruptcy (the risk of "bankruptcy" comes from the recognition of the failure by the arbitral tribunal or an official announcement about it by the debtor under its voluntary liquidation);

c) natural disasters at a time and place of execution debtor insured obligations (earthquake, hurricane, flood, hail, rain, landslide, etc.);

In the insurance caseInsurer shall reimburse:

a) loss(full or partial) of the proceeds of the Insured;

b) the cost of lost or damaged due to failure (improper fulfillment) the obligations of the property;

c) necessary and reasonable expenses for clarification of the circumstances of the insured event and reduce damages caused by an insured event;

d) legal costs incurred by the Insured (costs).

The insurance amount shall be determined by agreement in the amount of maximum potential losses from failure (improper fulfillment) of contractual counterparty to the Insured the insured contracts, which the Insured may be expected on the basis of its business over the last year (the average profit rate over the past year, the volume of commercial exchange , the values ​​in its performance of obligations under contracts of contractors covered by insurance, etc.) would be incurred when the insured event.

Rates ofInsurance: Depending on the degree of risk base wage rate for a particular contract of insurance may range from 2.5% to 4.0% of the sum insured and subject to the following indicators:

-Goodwill of the insured and its contractors;
- The region;
- The period of profitable business insured and its contractors;
- The presence of the insured accounts receivable;
- The volume and the liquidity of property and other assets from the insured.