Accountability

When insuring the risk of civil liability for violation of a contract, the liability risk of the Insured person only is insured. Insurance of risk of civil liability for violation of a contract is done in favor of the person party to the contract towards which according to the terms of contract the Insured has civil liability and who is in this case the Insurance Beneficiary.

Object of insurance

Property interests of the Insured related to the possibility of liability for non-performance or improper performance of the contract obligations by the Insured.

Object insured

A specific kind of possible liability of the Insured for violation of contract obligations.

Type of liability

The entire amount or part of the sum of loss of the Insurance Beneficiary and (or) the entire or part of the forfeit figure.

Real damage

The costs incurred or which should be incurred by the Insurance Beneficiary in order to compensate property damage caused through violation of a contract obligation.

Lost profit

The incomes which the Insurance Beneficiary did not make, which he/she would make under usual turnover terms unless the Insured broke an obligation.

Forfeit

when the losses are compensated to the extent which was not covered by the forfeit;
exclusive, when it is allowed to collect the forfeit only but not the damages;
alternative, when by the creditor's choice either the forfeit or the damages can be compensated;
penalty, when the damages can be compensated to complete extent above the forfeit.

Extent of liability for violation of obligations under a contract is defined in accordance with the contract terms and/or the legislation of the Republic of Tajikistan . Illegal interests of the Insured are not subject to insurance.

Insurance money

Insurance money under the contract of optional insurance is established by agreement of the parties considering a practical survey of its size, presented by the Insured or implemented at his expense.

Rates

The rates and the final cost of insurance are established considering the term of insurance, the set of insured dangers and factors influencing the risk degree.

You can ask for a personalized quote at the offices of « ORIEN INSURANCE » using contact details.