Property risks and Construction All Risk/Erection All Risk (CAR/EAR)
“Property risks” include all business accepted by the reinsurer and referred to as “property risks”, including:
- commercial and industrial property;
- business interruption losses/loss of profits;
- breakdown of machines and mechanisms;
- property owned by individuals.
Limit (capacity) of reinsurance coverage: 240 mln eur each and every loss/occurrence.
The property risks for which the insurance coverage is provided by SOGAZ JSC are reliably protected in Russia with the obligatory reinsurance program with a capacity of 18 billion rubles.
The reinsurance agreement includes coverage for all lines of property risks, including insurance against breakdown of machines and mechanisms, business interruption and other risks and additional coverage. The reinsurance program makes it possible to provide full coverage for risks of large oil and gas enterprises, electric power enterprises, metallurgical companies, etc. Reinsurance of property risks is organized through the leading international insurance and reinsurance companies.
Construction All Risk/Erection All Risk
CAR/EAR for which the insurance coverage is provided by SOGAZ JSC are reliably protected in Russia with the obligatory CAR/EAR reinsurance program with a capacity of 11.5 billion rubles.