OREANDA-NEWS. On April 16, 2007 IC IT Invest has prolonged the contract for comprehensive stockmarket participant insurance with the insurance company ROSNO. As before, the contract contemplates provision of insurance coverage to all clients of the company IT Invest, who have brokerage accounts. While the set of basic risks remains the same, ROSNO’s aggregate insurance liability level has increased by 50%. The liability limit per client will be USD 100,000, reported the press-centre of ROSNO.

The insurance contract provides coverage against the following risks:
unintentional errors, carelessness or dereliction of duty by employees of the brokerage company;
deliberate unlawful acts committed by employees of the brokerage company;
unlawful acts committed in the field of computer information and technical communication media.


In accordance with world practice, market risk insurance is not included in this list. ROSNO offers the whole range of insurance services for professional securities market participants. Since 1999, our company has concluded over 100 insurance contracts with the Russian securities market participants, accumulating a considerable experience in loss settlement.