Under the insurance agreement there can be insured:
The insurance covers the Insured's losses related to settlement of claims made by third parties for compensation of harm caused to their life, health and/or property within insurance period, including damage related to environmental pollution, as well as expenses related to legal protection of the Insured during transportation of dangerous cargo.
The procedure for insurance indemnity payment:
The fact and amount of damage must be documentarily confirmed by competent authorities (court decisions, conclusions of state control and supervision bodies, law enforcement agencies, experts and expert commissions).
If during concurrent indemnification of damage by a number of claims to several persons the amount of damage exceeds the insurance amount under Agreement the insurance indemnity is paid for each insurance event in proportion of amount of damage to the insurance amount under Agreement.
The Company shall pay insurance indemnity within 15 (fifteen) days from the date of signing the Act on Insurance Event.