OREANDA-NEWS. August 4, 2010. The Kurgan branch of Ingosstrakh insured the labor collective of Korvet Joint-Stock Company against industrial accidents for the term of one year. Total contractual liability limit is 183.9 mln rubles.

Ingosstrakh provides insurance for 1,825 employees of the company. Each employee of the facility is insured against the following risks: death, disability, trauma resulting from accident both industrial and on the way to and from work and in case of critical illnesses.

Korvet Joint-Stock Company and Ingosstrakh have been cooperating since 2001.

Korvet Joint-Stock Company was established in 1964 and used to be the Russian leader in manufacture of valves for the military industrial complex use. After conversion the facility since 1991 has been producing equipment for arrangement of oil and gas wells and pipeline accessories realizing all the experience and potential of high-quality production. High quality, novelty and effectiveness of the products offered and price appeal provide successful competition with Russian and foreign producers. All products are certified in accordance with the State Standard of Russia. Well head equipment satisfies the API Spec 6А requirements of the American Oil Institution and the facility since 1997 has a license for the right for release of products with API monogram. Since 1996 the quality management system satisfying the ISO 9001:2000 international standard requirements is used at the facility. The company is the winner of the "100 best goods of Russia” competition.

The annual output of the products is more than 73 mln. US dollars.