URALSIB Insurance Group entered into professional liability insurance contract with OMZ, the biggest engineering, research and manufacturing holding in heavy machine-building industry.
Under the contract URALSIB Insurance Group insured the professional liability of the design company against wrongful death, personal injury or property damage to third parties through work deficiencies affecting the safety of capital construction facilities. The total limit of liability under the contract amounts to 300 million rubles.
Maria Barsova, Head of Property and Car Insurance Department at URALSIB Insurance Group says: “Design is a key stage of construction, which requires full compliance with all rules and instructions. The insurance of professional liability protects life, health and property of people, as well as provides financial support to the company in case of unforeseen situations”.
OMZ is one of the leading heavy machine-building companies specializing in engineering, production and after sale service of equipment for nuclear, oil and gas, petrochemical and mining industries, as well as production of special steels and provision of industrial services. OMZ Group’s facilities are located in Russia and Czech Republic. The main shareholder and financial partner of OMZ Group is Gazprombank (JSC).