Liability Insurance for Operators of Hazardous Industrial Facilities

• The policy does not cover property owned, possessed, rented or in the care of the insured company. Excluded are moral damages, lost income, the reduction in value of property after repair, penalties, cash, securities, items made of precious metals or stones, works of art and intellectual property.

• Damage occurring outside the insured territory or period, without a direct link to the insured accident, is not compensated, nor is damage caused intentionally, by gross negligence, breach of industrial safety rules, force majeure, war, terrorism or radiation. The full list is in the insurance terms.

• Coverage applies only to the facility/installation indicated in the contract and to activity carried out lawfully, in compliance with Law No. 151/2022 and industrial safety rules.
• The insured event must be confirmed by documents from the competent authorities, establishing the Insured’s fault and the causal link between the accident and the damage.
• Compensation is granted within the limits set in the policy: total limit, per-case limits for property, injury/death and the environment; the deductible provided for in the contract applies.
• After the compensation is paid, the total liability limit is reduced by the amount paid.

• At the location of the industrial facility or potentially hazardous technical installation indicated in Annex No. 1 to the contract/policy.
• Coverage applies to events occurring on the insured territory and under the conditions set out in the contract.
• Claims are examined in accordance with the legislation of the Republic of Moldova.

• To correctly declare all information regarding the facility/installation, the activity, the permits, the inspection reports and the circumstances that may affect the risk.
• To operate the facility safely, and to comply with the regulations, the authorities’ prescriptions, the fire-prevention rules and the internal production control requirements.
• To obtain/maintain the permits, inspection reports and staff certification, and to immediately notify any increase in risk, incidents, malfunctions or works that may affect the risk.
• When an accident occurs: to take measures to limit it, to notify the competent authorities and the Insurer within the prescribed time limit, to preserve the evidence, to submit the documents and not to admit liability or make payments without the Insurer’s consent.

The premium depends on the type and complexity of the industrial facility, the specific risks of the activity, the permits and inspection reports held, the sum insured and the contract period. For an exact calculation, request a quote online — General Asigurări specialists will follow up with a proposal for your company.

• The contract is concluded, as a rule, for 12 months. Coverage starts no earlier than 24:00 on the day the premium is received by the Insurer, according to the policy.
• Coverage ends on the date indicated in the policy or before term if the total limit is exhausted, the Insured’s activity ceases, or the contract is terminated or becomes null.
• During suspension for non-payment of the premium, the Insurer does not owe compensation

The contract may be terminated by a written declaration/notice, subject to the 30-day period and the conditions provided for in the contract and legislation. In the event of non-payment, termination may occur after the payment demand and the expiry of the grace period. The premium for the unused period is refunded according to the reason for termination and the contractual provisions.