Liability Insurance

Liability insurance is an independent sphere of insurance activity. In this type of insurance, the object is the responsibility of the insured person (the policyholder) by law, and also by virtue of obligations under the contract for causing harm to others (harm is understood as damage to a particular person, as well as to property of third parties). On the basis of arising insurance relations, the insurer assumes the risks prescribed in the insurance contract, related to the liability for obligations that arise as a result of the harm caused to the property, health or life of third parties by the insured. As an insured person can act as individuals, and legal.

Civil liability to third parties is of a property nature, since the person who caused damage to a third party is obliged to fully recover its losses. Using civil liability insurance, the policyholder is shifted to the insurer to recover the damage. Causing damage to other persons on the part of the insured may entail administrative or criminal liability, however, property damage to a third party and its reimbursement is shifted to the insurer.

Civil liability insurance can act as in two forms:

- Voluntary insurance, for example, insurance of civil liability of apartment owners;

- Obligatory insurance, for example, insurance of civil liability of car owners (OSAGO).

The civil liability insurance of apartment owners refers to voluntary types of insurance, but it is quite an up-to-date and popular service of insurance companies, shifting their responsibility to their neighbors for unintended harm caused by using the apartment. Possible risks are prescribed in the contract, and the policyholder has the right to independently determine the maximum insurance amount, within which the insurer is obligated to pay compensation for damage caused to third parties by the insured, for example, in case of fire or flooding. Insurance risk is an alleged event, upon the occurrence of which, in accordance with the insurance contract, there arises a duty to indemnify the insured for damages, i. The insurer makes payment to third parties affected by the action or inaction of the insured.

The insurance contract of civil defense is concluded in case of damage to property, damage to health, life of third parties as a result of events that occurred at a specific address determined by the existing insurance contract - this is the insurance territory.

The insurance of civil liability of self-regulating organizations became necessary because the construction industry switched to self-regulation. The Ministry of Regional Development has developed specific recommendations on insurance of the SRO SRO and its members in order to ensure the real safety of the construction organization and its members and are aimed at strengthening their financial sustainability, since compensation for the damage caused is compensated by the insurance amount under the insurance contract and allows not to spend the SRO Compensation Fund.

Insurance of civil liability of the SRO is concluded in the form of a contract regarding the following risks of liability of the insured person (or the policyholder) for causing harm:

• Health or life of third parties as a result of deficiencies in the insured work;

• property of third parties resulting from deficiencies in the insured work;

• the environment resulting from deficiencies in the insured work;

Insurance is a guarantee of your security and financial stability.