Insurance of the Responsibility of Production Enterprises

Any production process is inevitably associated with risks. Because of an unintentional mistake, you can damage the property or health of people. The liability for any damage caused is entirely borne by the legal entity.

Liability insurance allows you to shift to the insurance company the burden of financial costs that may arise in connection with the settlement of claims of third parties.

The essence of liability insurance is that when an insurance event occurs, the enterprise incurs much less losses related to the compensation of the damage caused. In case of timely insurance, the company guarantees itself a significant reduction in the likelihood of large financial losses associated with a possible loss of economic and economic independence.

For legal entities, liability insurance is provided for enterprises that operate hazardous production facilities; Civil liability; Responsibility of the commodity producer for the quality of goods; Professional responsibility; Responsibility of directors and top management.

The insured event is the presentation by third parties (victims) of the enterprise of claims having a justified nature, which relate to claims for compensation for harm to health, life, property. Such claims must comply with the norms provided for by the legislative acts of the Russian Federation.

An effective way of protecting property interests and, in addition, minimizing the costs of reimbursing the injured party is liability insurance. It is carried out in relation to legal entities, entrepreneurs and any other participants of professional activities, taking into account their characteristics.

The insurance policy for the quality of the produced goods (or works, services) allows to avoid costs directly related to compensation for the damage; To increase the competitiveness of goods sold and produced; Provide consumers and partners with additional guarantees of the enterprise.

The policy is designed to cover such possible risks that may accompany the activities of the enterprise, as a deviation in the properties of manufactured (sold) goods from the originally declared properties of the samples; Non-conformity of production conditions with sanitary and hygienic requirements; Infringement of safety of the goods at its use (storage, transportation and recycling); Discrepancy with quality standards, model or certificate, and others.

In a special situation are enterprises engaged in the operation of hazardous production facilities. Liability insurance for them is a particularly topical issue. Such insurance is carried out in accordance with the Law on Hazardous Production Facilities of 1997.

As insurers, organizations that work with the use of hazardous production facilities can act: mining, coal, chemical, metallurgy, oil and gas production; Using lifting structures - various elevators, cranes, lifts; Whose activities are related to the receipt, production, processing, use, transportation of hazardous substances.

Coverage of insurance provides such probable risks as risks associated with and damage to life, property, human health or the environment as a result of an industrial accident, the destruction of a building, damage to technical devices, uncontrolled explosions or emissions of hazardous substances.

Insurance of liability for causing harm implies covering possible consequences of situations with insurance amounts that are mandatory for payments. They include cases of damage to the environment, property, life or health of people, as well as costs associated with the elimination of the consequences of accidents.