OREANDA-NEWS. Ingosstrakh Insurance Company Branch in Irkutsk has won in open tender and concluded combined liability insurance and construction risks (CR) with Irkutsk Region Road Service JSC. The total sum insured under the insurance contract of construction risks amounted to about RUB 732 m. The limit of liability to third parties is RUB 3 m.

Insurance protection is provided for two objects of construction and installation works. Work on the repair of the road M-53 Baikal in the area of Tulun town of the Irkutsk Region is insured for RUB 182 m. The work on the reconstruction of the Taksimo-Bodaibo motor road in its section between 160 km and 175 km in the Bodaibo district of Irkutsk Region is insured for RUB 550 m.

The policy provides the protection against damage, destruction or loss of objects of construction and installation works due to fire risks (fire, lightning, explosion, falling piloted aircraft objects, their fragments or cargo), natural disasters or natural hazards, illegal actions of third parties, accidents, damage from water and other unforeseen and accidental events.

The liability of the company is insured against the risks of harm to life, health or property of third parties in connection with the contract work.

Three other insurance companies took part in the competition along with Ingosstrakh Insurance Company.