The object of insurance is the property interest of an organization operating hazardous production facilities, related to the obligation established by the civil legislation of the Kyrgyz Republic to compensate for harm caused to the life, health, and/or property of third parties, as well as the natural environment, as a result of an accident at a hazardous production facility.
Insured Event
An insured event is recognized as causing harm to the life, health, or property of third parties or the natural environment as a result of an accident or disaster that occurred at a hazardous production facility operated by the Policyholder and specified in the insurance contract.
The Insurance Company is liable if the insured event related to the Policyholder's production activities resulted in:
a) death, loss of ability to work, injury to the victim (physical harm);
b) destruction or damage to property belonging to third parties (property damage);
c) reasonable expenses to clarify the circumstances and the degree of the Policyholder's fault, if the event is recognized as insured;
d) expenses for conducting cases in judicial bodies regarding alleged insured events;
e) necessary and reasonable expenses for saving the lives and property of persons harmed as a result of the insured event, or for reducing the damage caused by the insured event.
Sum Insured
The amount of the sum insured depends on the type of hazardous production facility and cannot be less than the established minimum sums insured.
Insurance Rate
The insurance rate is set at 0.144%. Additionally, an increasing coefficient of 1.5% is applied.
Calculation of Insurance Premium
You can calculate the insurance premium for this type of insurance using the calculator on our website.