OREANDA-NEWS. August 26, 2013. Novosibirsk Branch of IC Allianz signed insurance contracts to cover construction and installation risks during construction and maintenance overhaul of two bridge crossings in Kemerovo Region and Novosibirsk Region. The joint liability limit under the two contracts is 103.6 million roubles.

The insured objects are a bridge across the Strelino River in the Kemerovo Region, the customer being Sibupravtodor, a federal government institution under the Federal Road Agency, and a bridge crossing over the Karasuk River in the village of Reshty, Kochkovsky District, the Novosibirsk Region, with the customer being the Reshtovsky Rural Council Administration of Kochkovsky District in the Novosibirsk Region.

The contracts signed also insure the subcontractor’s civil liability to third parties against damages to property of and personal and bodily injuries to such third parties related to the above construction and installation operations, as well as the subcontractor’s post construction stage warranty liabilities.

The contracts were signed after IC Allianz won the tenders for the right to provide the insurance services.