Today, insurance retains its status as one of the key mechanism of managing the risks inherent to day-to-day operation of business centers, for the variety of types of activities and the significant investment resources engaged in the construction of business centers engender the need for efficient control of risks.
Property insurance
Insurable objects
An insurable object can be the property owned, loaned or controlled under contracts of lease or any other contracts:
Buildings and constructions and/or leased premises;
Interior finishing of buildings and premises;
Engineering communications and structures (transformers, gas distribution installations, heat substations, external piping, heat and electric cable collectors and other similar equipment);
External constructions (lifting gates, sheds, window bars, fencing and barriers, checkpoints and other similar objects);
Electronic equipment (including computerized office equipment and appliances, telephone switchboards and equipment, other telecommunication equipment);
Furniture, tools and inventory;
Information carriers for computerized and similar systems, including magnetic tapes and cassettes, disks, memory banks etc;
Advertising installations and signs.
You can also insure your company from losses resulting from the necessity to clear the territory, dispose of the garbage, tear down constructions and/or damaged property after an insured accident.
Insurable risks
Fire, thunderbolt, gas explosion
Explosion of basic equipment
property damage by water from water supply, sewerage, heating and automatic fire-suppression systems
natural disasters
theft, including unauthorized access and robbery
intended malicious action of a third party, including:
negligent destruction or damage or property (Art. 167 of RF Criminal Code),
hooliganism (Art. 213 of RF Criminal Code),
vandalism (Art. 214 of RF Criminal Code).
Collision with a road vehicle
Fall of a piloted aircraft and/or its pieces
Breaking of window glass, mirrors, shop windows
Damage of property in an act of terrorism.
Additional insurance coverage
Some objects may be covered by an additional insurance against specific risks inherent to such objects only:
For basic equipment, engineering and other communications
Emergency breakdowns, defections
Human errors and negligence
Tow or chain rupture, fall of insured objects and their impact against other objects
Overload, overheat, vibration, fault, wedging, clogging of mechanisms, change of internal pressure, wear & tear of mechanisms, exposure to centrifugal force
Hydraulic impact and lack of liquid in boilers or equipment operating on steam or liquids
Exposure to electric short circuit, network overload, voltage loss, atmospheric disturbances
Failure or breakdown of add-on equipment, protection and adjusting devices
For computerized and other electronic equipment, corporate computer networks
Errors in the use and operation of electronic equipment
Negligence on the part of servicing/maintenance personnel
Exposure to electric current, amperage or voltage jumps in the grid, exposure to induction currents
Defection of materials, errors in the design, manufacturing process or in assembling/installation of insured objects
Emergency power outage (public power grid).
Insurance against loss of rent
This type of insurance is an extra coverage in addition to insurance of property against fire and related risks. It is used if a business center is leased out and allows the owner of the business center protect the company from losses through the loss of rental payments through the loss of opportunity to continue the lease of premises as the result of an insured event.
The insured object here is rental payments
Insured amount
The insured amount is calculated as the annual average of the available contracts of lease and prorated to the indemnification period selected by the Insurant.
Insurable risks
Termination (suspension) of effective contracts of lease because of the destruction and/or damage of insured property caused by the effect of any of the events insured against.
The insurance contract stipulates an indemnification period, i.e. the period starting on the date of the event resulting in business interruption during which the Insurant will collect the indemnity of lost rental payments. The period is subject to approval by the Insurant and usually is 1, 3, 6, 12, 18 and 24 months.
Liability insurance
The activity of business centers is inherently linked to the potential risk of damaging the property of the business center, and the property and health of a third party or personnel. To cover these risks, we recommend having a look at such type of insurance as:
Third party liability insurance
This type of insurance assigns to Ingosstrakh all costs related to the Company’s liability to third parties, including visitors to the business center.
Insurable objects
Insurant’s property interests related to the liability to restitute the damages caused to the property, life or health of a third party, including Visitors, by virtue of applicable civil legislation.
Insured event
An event that is directly connected with the Insurant’s business, such business being legal by law, and which is the basis, by virtue of applicable civil legislation, for lodging of claims by third parties, including Visitors, against the Insurant for the restitution of physical and/or property damages caused by the Insurant.
Top-up cover
Liability for damaging the life and health of Visitors in restaurants, cafes
Liability for damages caused to parked vehicles.
Employer’s liability insurance
This type of insurance enables insurants to assign to Ingosstrakh all costs arising out of the insurant’s liability to employees and officers.
Insurable interests
Property interests of the Insurant related to its liability to restitute the damages to life and health of employees and officers.
Insured event
An event that is directly connected with the business of the insurant, such business being legal by law, and which is the basis, by virtue of applicable civil legislation, for lodging of claims by employees and officers against the Insurant for the restitution of physical and/or property damages caused by the Insurant while the employee or officer was in the process of performing its functions.
Liability insurance of business center leaseholders
In this type of insurance the Insurants are leaseholders of the business center. This allows for protection of the business center owners from potential financial losses incurred through the fault of the leaseholder. All losses through the fault of the leaseholders are subject to indemnification by Ingosstrakh.
Insurable object
Property interests of the Insurance arising from the operation and use of the leased premises and related to the liability to restitute the damages caused to the property of the owner and to the life and health of a third party.
Insured event
An event that is directly connected with the business of the insurant, such business being legal by law, and which is the basis, by virtue of applicable civil legislation, for lodging of claims by the business center and third parties against the Insurant for the restitution of physical and/or property damages caused by the Insurant.
Insurance of an operation – source of special danger
(compliant with Federal Law No 116-FZ dtd. July 21, 1997 “On industrial safety of production facilities")
This type of insurance covers liability in the operation of dangerous facilities in buildings (i.e. passenger elevators, escalators etc). This type of insurance is compulsory by law.
Insurable objects
Property interests of the Insurant arising out of its liability to restitute the environmental damages and damages caused to the property, life and health of a third party.
Insured event
Damage to life, health or property of a third party and environmental damages as the result of an accident with the dangerous facility operated by the Insurant as indicated in the insurance contract and confirmed by a respective resolution by court.
Our Contacts
If you have any question or need any additional information, please do not hesitate to contact our Property and Liability Insurance Department:
