Compulsory third party insurance 

Compulsory third party insurance of economic agents against any damage, which may be caused by fires and breakdowns on the high threat locations, including fire explosion hazardous locations and facilities, the business activity in which may result in breakdowns of the ecological and sanitary-and-epidemiological character.

Insureds are economic agents, to which high threat locations belong on property right, on full economic authority or effective control or who use or possess high threat locations, namely:

• chemical enterprises;
• enterprises on manufacture, processing and storage of explosive and deflagrable substances;
• mining enterprises;
• woodworking enterprises;
• gas-and-oil producing and petrochemical enterprises;
• electric power enterprises (TPP, APP, HGS);
• others.

An insured event is considered an infliction of any damage to third parties as a result of any fire and or breakdown in high threat location during the validity of compulsory insurance contract, as a consequence of which it appears an obligation of Insurer to perform the payment of insurance indemnity.

Sum insured and the amount of insurance tariff is determined due to each particular high threat location subject to a category of danger, and makes up.

A direct loss, caused as a result of fire and / or breakdown in any high threat location, to life, health and third parties’ property, which at the moment when the insured event occurred, have been in their possession or usage, including natural resources, territories and facilities of natural reserved fund, is subject to the insurance indemnity

Insurance indemnities are performed in the following amounts:

1. for reimbursement of any damage, caused to life and health of third parties as a result of occurrence of an insured event, - 50% from Sum insured, including, for one party the insurance indemnity is determined:
• in case of paying the insurance indemnity to heirs of the third parties who has been lost (died) – 500 tax-free allowances from citizens’ income;
• in case of determining I, II, III disablement group to third party –450, 375 and 250 tax-free allowances from citizens’ income, correspondingly;
• for each day of third parties’ working incapacity – one tax-free allowance from citizens’ income but not more than 250 tax-free allowances from citizens’ income for the whole period of losing working capacity;
2. for reimbursement of any damage, caused to natural resources, territories and facilities of natural reserved fund, - 30% from Sum insured;
3. for reimbursement of any damage, caused to property of third parties, - 20 % from Sum insured.