In accordance with the article 1064 of the Civil Code of the Russian Federation any damages, caused to a person and his/her property, as well as damages caused to entities are to be reimbursed by the person who caused the damage.
Amount of the damage which an entity may suffer can be calculated and predicted, unlike the damage which the entity may cause to the third parties. Thus, there have been may examples when a mere water leak which had occurred at the client’s lead to multimillion costs necessary to repair the premises located at lower floors, to restore antique furniture, to purchase new modern equipment, damaged by leaking water. In other cases a little fire, which hadn’t damaged the property of the insured itself, caused serious illnesses and even death of the people being on the floor above. There are also many accidents when ice or other objects fall down form roofs, windows, walls of buildings.
The liability for the damages resulted from the above mentioned accidents may reach huge amounts and there are really many of such examples.
Objects of insurance:
The responsibility of the Insured to reimburse the Third Parties, including tenants, visitors, clients, etc, for property damages and/or bodily injuries subject to the effective legislation of the Russian Federation.
Insurance Event:
An insured event occurs when third parties are caused damage (loss) in the course of the Insured’s activities, indicated in the insurance policy, which entailed its civil liability to indemnify for damages (losses) caused
Additional insurance coverage:
liability for bodily injuries of visitors of restaurants, bars, cafes;
liability for damaging of parked cars.
Exact conditions are defined individually and depend on current building’s state, square of the premises, coverage for all the tenants under a single policy.
Sums Insured (Limits of Liability):
are set by the Insured;
Ingosstrakh’s specialists will help you sort out the liability insurance question and work out the different recommendations and versions of the insurance coverage;
besides, certain limits of liability may be required by your contractor and provided for by the respective contracts (for example, premises rent contract).
In case of insured event Ingosstrakh will indemnify:
direct damage resulted from destruction of the property;
additional costs for medical treatment (intensified nutrition , sanatorium-and-spa treatment, nursing, prosthetics, transportation costs, paid medical services);
part of the earnings which will be lost by incapacitated people depending on the aggrieved person in case the latter dies providing the former have the legal right for a part of the earings;
future earnings which will be lost by the aggrieved person as a result of full or partial disability appearing from injuries;
obituary costs.
Ingosstrakh will also indemnify:
necessary and expedient costs of rescuing life and salvaging property of persons who suffered damages as a consequence of an insured event, or of mitigating damages caused by an insured event;
costs incurred to determine the degree the of Insured’s guilt;
court costs, independent experts fees, legal costs including lawers’ fees.
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