OREANDA-NEWS. On October 03, 2007 the Kalmyk agency of ROSNO’s Stavropol branch has insured civil liability for non-performance or improper performance of obligations under the public contract implemented by RGUP Elista Road Department, reported the press-centre of ROSNO.

RGUP Elista Road Department will perform reconstruction of the Yashkul-Komsomolsky-Artesian Road at the Yashkul village section.

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 contractual insurance amount is 35,682,197 roubles. The insurance period is 3 years.