The object of insurance is the property interests of the Policyholder (or the Person whose liability risk is insured), which do not contradict the current legislation of the Kyrgyz Republic, associated with the risk of incurring liability for causing harm to the life, health, or property of citizens, property of legal entities, municipalities, or subjects of the Kyrgyz Republic.
Insurance Risk, Insured Event
Insurance Risk is a presumed event, possessing signs of probability and randomness of its occurrence, for the event of which this insurance is provided.
The insurance coverage accepts the risk of civil liability of the Policyholder (or the Person whose liability risk is insured) arising from a claim, demand, or lawsuit (hereinafter referred to as "claim") brought against him in accordance with the current legislation of the Kyrgyz Republic for compensation of harm caused to third parties, and the Policyholder's obligation arising in connection with this to compensate for the harm caused.
In accordance with the Rules, the insurance coverage accepts the risk of civil liability of the Policyholder (or the Person whose liability risk is insured) for causing harm to third parties as a result of (or in the process of carrying out activities in accordance with current legislation):
industrial or other economic activities, including provision of services (performance of works);
organization and conduct of public events, sports and entertainment events, cultural and educational events, arranging festive fireworks, illuminations;
maintenance, operation, hiring, leasing of buildings (structures), including residential properties (buildings, apartments, private houses), land plots;
operation of industrial machinery, mechanisms, equipment, engineering structures;
Industrial machinery (mechanisms, equipment) are various technical devices (machine tools, units, lifting mechanisms, technological machines, special equipment, etc.) used in industrial production;
Engineering structures include construction objects (except buildings) erected to perform various engineering and technological functions, for example, water supply and sewage facilities, transport and communication structures (bridges, tunnels, canals, overpasses, etc.), engineering systems of heating, gas supply, and power supply, etc.;
carrying out construction, repair work on residential properties, including their redevelopment, re-equipment;
keeping animals, including farm animals;
causing harm by minors (liability of parents, guardians, and trustees for their wards).
An Insured Event for civil liability insurance, considering all provisions, definitions, and exclusions provided for by the Insurance Rules, is recognized as the fact of the occurrence of the Policyholder's (or the Person whose liability risk is insured) obligation to compensate for the harm caused to the life, health, and/or damage to the property of third parties, confirmed by a court decision that has entered into legal force or a substantiated claim voluntarily recognized by the Policyholder, with the written consent of the Insurer, in the process of carrying out the activity specified in the insurance contract (insurance policy).
SUM INSURED
The Sum Insured is a monetary amount determined by the insurance contract (insurance policy), based on which the amount of the insurance premium (installments) and the amount of the insurance payment upon the occurrence of an insured event are established.
INSURANCE RATE
The Insurance Premium is the payment for insurance and is determined in accordance with insurance rates, which represent the rate of the insurance premium per unit of the sum insured, taking into account the object of insurance, the nature of the insurance risk, as well as other insurance conditions. Consideration of factors affecting the degree of insurance risk is carried out by applying a risk coefficient calculated by multiplying increasing or decreasing coefficients.
INSURANCE PERIOD
The insurance contract (insurance policy) is concluded for a period of up to 12 months or another period as agreed between the Insurer and the Policyholder.
For more detailed information, call us at the following numbers:
+996 (312) 39 82 24, +996 (312) 39 82 78