OREANDA-NEWS. On August 30, 2007 ROSNO’s Astrakhan branch has insured construction and assembly risks and civil liability for non-performance or improper performance of obligations under the public contract implemented by OJSC "Stroitelnaya Kompania "Astrakhansky Avtomost", reported the press-centre of ROSNO.

The construction company Astrakhansky Avtomost is conducting capital repairs of the city’s four bridges and building one all-new bridge. This construction is timed to the 450th anniversary of Astrakhan, to be celebrated next year.

The contract for insurance of construction and assembly works provides indemnification against the following risks: fire; explosion, lightning stroke; aircraft impact; natural disasters; soil subsidence and underground water flooding; deliberate third-party actions; breakdown of pipelines or networks; and installation errors.

The insurance policy under the civil liability insurance contract covers such risks as bankruptcy or liquidation of the company (in case of bankruptcy, the insured event occurs when the insurant is recognized as insolvent by the court of arbitration); production stoppage or reduction of production volumes due to fire, explosion, breakdown, damage by water from the water supply systems, heating, sewerage or similar systems (occurring at the production facilities); unintentional errors, negligence or other omissions of the insurant or its employees.

The aggregate contractual insurance amount is 469,574,409 roubles.