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Insurance of the insured person’s interest in case of failure of the insured person or his or her contracting party to discharge contract obligations due to bankruptcy of the insured person’s contracting party, unavailability of contracting party’s costs on current account or in cash, failure to provide prompt and complete services, complete a job, and in case of fire, accident, disaster and other risks.
Insurance objects:
interests related to commercial risks in business activities of the insured person, in particular to failure to dispatch contract obligations (completely or partially) by contracting party under contracts and agreements entered into.
Insurance risks:
insurance covers financial loss suffered by the insured person as a result of failure to discharge (fully or partially) contract obligations by the contracting party, under contracts, agreements, etc. due to:
- bankruptcy of the insured person’s contracting party; unavailability of costs on the current account of the contracting party and/or in his cash reserve;
- bank blockage of accounts belonging to contracting party;
- failure to provide prompt and complete services or deliver goods;
- abuse by the insured person’s contracting parties;
- fire, accident, disaster, sudden influence by unexpected forces, explosion, theft, robbery, vandalism;
- other causes independent of the contracting party’s will that have resulted in failure to comply with a contract.
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