OREANDA-NEWS. December 11, 2007. ROSNO’s West Siberian Directorate has concluded an appraiser’s liability insurance contract with CJSC "ALCO Association". The contractual insurance amount is 110,000,000 roubles, reported the press-centre of ROSNO.

The contract will protect the insurant against liability arising from the damage inflicted to the clients who have concluded the appraisal contract or the damage inflicted to third parties in course of the insurant’s professional activity.

The insured accident is the fact of damage inflicted to third parties through violation of the RF laws regulating appraisal services, federal appraisal standards established by the self-regulating association of appraisers, as well as other standards and rules applicable to appraisal services.

The contract has been concluded for one year.