Mandatory civil liability insurance of dangerous cargo carrier

 

 

 

 

 

 

 

 

 

Since February 12, 2009 the Law of the Kyrgyz Republic No. 188 as of 04.08.2008 “On mandatory civil liability insurance of dangerous cargo carrier” entered into force.

Who must conclude an agreement of mandatory insurance?

Agreement on mandatory insurance shall be concluded by individual persons and / or legal entities, carrying out transportation of dangerous cargo and using a transport vehicle therefor.

Insurance agreement is concluded separately for every cargo transport vehicle.

Sum insured under the insurance agreement depends on class of dangerous cargo and carrying capacity of the cargo transportation vehicle, except for railway transport, and cannot be lesser than stipulated minimal sums insured, according to the following table:

Classes of risk	Minimal volume of sum insured, in KGS
	Cargo transport vehicle
	Up to 2,5 tones	Up to 5 tones	Up to 7,5 tones	Up to 10 tones	Up to 12,5 tones	Up to 15 tones	Up to 20 tones	Over 20 tones
Class 1 explosives;	1 500 000	3 000 000	5 500 000	8 000 000	10 500 000	13 000 000	17 000 000	20 000 000
Class 2 condensed, liquefied gas and gas dissolved under pressure;	1 000 000	2 000 000	3 500 000	5 000 000	6 500 000	8 000 000	10 000 000	12 000 000
Class 3 highly inflammable substances;	1 000 000	2 000 000	3 500 000	5 000 000	6 500 000	8 000 000	10 000 000	12 000 000
Class 4 highly inflammable substances and materials;	1 500 000	3 000 000	5 500 000	8 000 000	10 500 000	13 000 000	17 000 000	20 000 000
Class 5 oxidizing substances and organic peroxides;	1 500 000	3 000 000	5 000 000	7 000 000	9 000 000	11 000 000	13 000 000	16 000 000
Class 6 poisonous (toxic) substances;	1 500 000	3 000 000	5 500 000	8 000 000	10 500 000	13 000 000	17 000 000	20 000 000
Class 7 radioactive and infectious substances;	2 000 000	4 000 000	7 000 000	10 000 000	13 000 000	16 000 000	20 000 000	24 000 000
Class 8 caustic and corrosive substances;	1 500 000	3 000 000	5 000 000	7 000 000	9 000 000	11 000 000	13 000 000	16 000 000
Class 9 other dangerous substances.	1 500 000	3 000 000	5 000 000	7 000 000	9 000 000	11 000 000	13 000 000	16 000 000

 

Liability limit for the risk of life and health of third persons damaging is 300 000 KGS per one person.

For the railway transportation a united minimal volume of sum insured is fixed for all the classes in the amount of 12000 000 KGS. at that the basis for calculation of the insurance premium for a unit of railway transportation locomotive carrying out cargo transportation is accepted.

Insurance tariff

Basic insurance tariff for all the types of transport vehicles is 1%.

Agreement validity period

Insurance period is concluded in written be means of insurance policy issue for the term within twelve months.

Why exactly we:

• “Ingosstrakh” exists 22 years in the market;
• “Ingosstrakh” is annually recognized as leader of insurance among other companies;
• “Ingosstrakh” accomplished payments in the shortest possible time.