This is a mandatory type of insurance.  The PRESTIGE insurance company offers companies insurance protection against possible material losses in the event of liability to reimburse costs for damage that may be caused by fires and accidents at high-risk facilities, the economic activity of which may lead to environmental and sanitary-epidemiological accidents.

Advantages of insurance in the PRESTIGE Insurance Company:

• strengthening the financial stability of the business entity;
• reliable protection regarding compensation for damage caused to the life, health and/or property of third parties, the environment (natural resources, territories and objects of the nature reserve fund), as a result of fires and/or accidents at high-risk facilities..

Mandatory liability insurance of business entities — objects of increased danger is carried out in accordance with the Procedure and Rules approved by the Resolution of the CMU of November 16, 2002 No. 1788.

What is insured?

The property interests of the client (insured) that do not conflict with the law and are related to compensation by the insured for direct damage caused by him to third parties as a result of a fire and/or an accident at a high-risk facility.

Who can act as an insured?

Business entities that own high-risk objects under the right of ownership, full management or operational management; or who use or own these facilities..

What is an insured event?

Causing direct damage to third parties as a result of a fire and/or accident at a high-risk facility.

What is the sum insured?

Insurance amount for a group of objects:

• I category of danger — 3,400,000 UAH.
• II category of danger — 1,190,000 UAH.
• III category of danger — 765,000 UAH.

How much is the insurance contract?

The insurance tariff as a percentage of the sum insured for 12 months for groups of objects is:

• I category of danger — up to 1.5%;
• II category of danger — up to 0.6%;
• III category of danger — up to 0.4%.

What amounts of insurance payments are stipulated in the contract?

For damage caused to the life and health of third parties — 50% of the insurance amount, including the insurance payment for one person is established:

• in case of death or death — 500 tax-free minimum incomes of citizens (8,500  UAH);
• in case of establishing a disability group (I, II, III gr.) — 450, 375, 250 n.m.d.y. (7,650, 6,375, 4,250  UAH) respectively;
• for each day of incapacity for work — 1 n.m.d.y. (17  UAH), but not more than 250 n.m.d.y. (4,250  UAH) for the entire period of disability.

For damage caused to natural resources, territories and objects of the nature reserve fund — 30% of the insurance amount.

For damage caused to the property of third parties — 20% of the insurance amount.

Is there a franchise in the contract?

The deductible is no more than 1% of the sum insured. Does not apply to insurance payment for damage caused to the life and health of third parties.

For what period can an insurance contract be concluded?

The insurance contract is concluded for a period of up to 1 year.