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03 Nov 2017

Before passengers

Insurance of Carriers Liability to Passengers

Carriage activities imply the risk of causing damages both to the cargoes carried and to life and health of passengers transported. The insurance is realised based on the provisions of Law no.1533-XII of 25 February 1998 on the Compulsory Insurance of Carrier’s Liability before Passengers. This law stipulates that the subject matter of insurance is carrier’s civil liability for damages caused to life, health and property of passengers.
Risks covered:
According to the provisions of an agreement on carrier’s liability insurance, passengers are protected within the limits set by this Law:

  • In case of bodily injuries or death as a result of a road accident. The insured amount is paid within the limits of real prejudice, however it cannot exceed 10,000 US dollars
  • In case of damage of full destruction of cargoes (baggage). There is compensated their real value, however, not more than 1,000 US dollars


NOTE: According to this Law, the insurance premium is set in the amount of up to 1% of the sum of annual volume of passenger carriage. The insurance may be contracted for a period of up to a year.

For information:

Financial Risks and Liability Insurance Department
Telephone: +373 (22) 78 38 17, +373 760 71 999
E-mail: dm.lareneg@irednupsar

03 Nov 2017

CMR

CMR

If YOUR Company deals with local or international carriage of goods by road, you bear liability for integrity of cargoes you transport. Carriage by road implies multiple risks, such as loss or destruction/deterioration of cargoes transported. The carrier’s liability insurance will make you sure that you will benefit from an amount required to compensate to the owner of transported cargoes if there occurred an evil event in the course of such transportation. The CMR insurance is based on the provisions of the 1956 Convention on the Contract for the International Carriage of Goods by Road (CMR), stipulating carrier’s liability for cargoes carried by them.
Risks covered:

  • Liability for loss/destruction and/or deterioration of the cargoes carried
  • Financial damages caused by errors and omissions
  • Failure to meet cargo delivery deadlines
  • Reasonable expenses borne for the purpose of damage reduction

Insurance premium:
Is determined based on the type of cargoes, limits of liability, number of vehicles and type thereof (tarpaulin cover/refrigerators), route and insurance period.

For information:

Financial Risks and Liability Insurance Department
Telephone: +373 (22) 78 38 17, +373 760 71 999
E-mail: dm.lareneg@irednupsar