Accidents and a number of other events during the transport of dangerous goods entail significant costs for shippers, carriers and consignees to compensate for damage caused to individuals and legal entities, as well as to the environment.

The subjects of transportation of dangerous goods will be able to avoid these unforeseen expenses by concluding an insurance contract with the Prestige Insurance Company — our company will undertake the settlement of losses and compensate for payments due to third parties.. 

Advantages of insurance in Prestige Insurance Company

• obtaining compensation in case of damage to the life and health of citizens, the environment, property of citizens and legal entities during the transportation of dangerous goods;
• guaranteed high level of insurance protection at moderate insurance costs, as well as timely payment of insurance indemnity;
• the possibility of obtaining the maximum amount of compensation for losses (the amount of the sum insured), taking into account the cargo hazard class in the amount of up to 120 thousand Tax-free minimum incomes of citizens (n.m.d.g.).

Compulsory liability insurance of subjects of transportation of dangerous goods is carried out in accordance with the Resolution of the Cabinet of Ministers of Ukraine dated 01.06. 2002 No. 733.

What is insured?

Property interests that do not contradict the law and are related to the indemnification by the insured of damage caused by him to life, health of individuals, the environment, property of individuals and legal entities during the transportation of dangerous goods in the manner prescribed by law.

Dangerous goods  -  shall mean substances, materials, products, wastes of industrial and other activities, which, due to their inherent properties in the presence of certain factors, may during transportation cause an explosion, fire, damage to technical means, devices, structures and other objects, cause material damage and environmental damage, as well as lead to death, injury, poisoning of people, animals and which, according to international treaties ratified by the Supreme Court The Council of Ukraine, or according to the results of tests in the prescribed manner, depending on the degree of their impact on the environment or humans, is classified as one of the classes of hazardous substances.

Hazardous  substances - substances classified in the following classes:

• Class 1 - Explosives and articles;
• class 2 - gases;
• class 3 - flammable solutions;
• Class 4.1 - Flammable solids;
• class 4.2 - substances subject to spontaneous combustion;
• class 4.3 - substances that emit flammable gases in contact with water;
• class 5.1 - oxidizing substances;
• class 5.2 - organic peroxides;
• class 6.1 - toxic substances;
• class 6.2 - infectious substances;
• Class 7 - Radioactive materials;
• class 8 - corrosives;
• Class 9 - Other hazardous substances and articles.
   

Who can act as an insured?

The subject of transportation of dangerous goods is a legal entity (resident and non-resident) or an individual (citizen of Ukraine, foreigner, stateless person), namely:

- consignor of dangerous goods - the person specified in the transport documents who prepares and delivers this goods for transportation;

- dangerous goods carrier – a person transporting dangerous goods;

- consignee of dangerous goods - a person specified in the transport documents who receives dangerous goods from a carrier;

- a person performing forwarding functions – with the consent of the carrier.

What is an insured event?

Any event during transportation of dangerous goods, as a result of which damage to life, health of individuals, environment, property of individuals and legal entities was caused and civil liability of the insured for compensation for this damage arose..

What is the size of the sum insured?

The sum insured is set depending on the class (subclass) of cargo danger for each full and incomplete ton of cargo and ranges from 60 to 120 n.m.d.g.

Does the contract provide for a franchise?

The insurance contract provides for an unconditional deductible in the amount of 1% of the sum insured..

How much does an insurance contract cost?

The cost of insurance depends on the class of dangerous goods, type of transport, volume of dangerous goods to be transported, insurance term and other conditions that may affect the risk of an insured event and ranges from 0.03% to 0.55%.

For how long can an insurance contract be concluded?

The insurance contract can be concluded for up to one year.