Professional Liability of REG.RU Insured for One Million Dollars
OREANDA-NEWS. October 17,
The company's insured activity is registration of level 2 domain names in the national domains .RU, .SU, .РФ as well as in the most popular international domains such as .COM, .NET, .ORG, .BIZ, .INFO, .NAME, .MOBI, .ASIA, .TV, .ME, .EU, .US. Cyrillic domain .РФ was included in the insurance program since
REG.RU treats the issue of protecting domain names of the customers very seriously and aims at provision of the most stable operation of the resources under its service. Therefore every year since 2008 the company has been prolonging the insurance policy which allows the customers to reimburse the financial losses associated with failures in the domain names registration and maintenance. The domain name registrar’s professional liability has been insured under "Professional liability insurance agreement" for 1 million U.S. dollars in total for the following risks: error in determining the timing of domains release (deletion from database), error in taking instructions from the domain owners for their alienation, automated machine’s failure in carrying out the technical functions that results in breach of the term of delegation and (or) release of the domain, error in the timing of withdrawal of the domains delegation.
"There was a good reason for us to have trusted our professional liability into Ingosstrakh Insurance Company: we’ve chosen the company, which guarantees reliability and professionalism in the field of insurance. Over these three years we’ve been engaged in the insurance program there was no single appeal as for the insured accidents. It became possible, as REG.RU sets high standards in customer service alongside maximum reliability, stability and security of all transactions with domain names," comments Aleksey Korolyuk, CEO of REG.RU.
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