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Home » Insured Event » Compensation for damage » For Legal Entities » Financial Risk Insurance
Страхование финансовых рисков

Financial Risk Insurance

 

We compensate:

  • in case of violation by the client's contractor of his obligations under the relevant agreement with regard to delivery of property/goods, completion of works and provision of services within the time period set in the relevant agreement: the value of paid and undelivered property/goods/works/services;
  • in case of violation by the client's contractor of his obligations under the relevant agreement with regard to delivery of goods of the quality and completeness stipulated in the relevant agreement:
  • the difference between the value of paid goods of proper quality and completeness as provided for by the relevant agreement and the value of the delivered goods of improper quality and incompleteness if the goods are accepted by the insured;
  • the difference between the value of the goods paid by the insured and the value of the delivered goods of improper quality and incompleteness if the goods are not accepted by the insured;
  • in case of violation by the client's contractor of his obligations undertaken under the relevant agreement with regard to making payments under the agreement within the time period stipulated in the agreement: the amount of payment not received within the set time period.

Insurance indemnities are paid in the currency of payment of the insurance premiums within five days from the moment of issuing of the relevant insured event deed. 

Our company pays insurance indemnities in the following manners, taking into consideration the client's request:

  • transfer to the client's personal account or to a deposit account for the client's benefit;
  • postal order at the beneficiary's expense;
  • in cash.
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