OREANDA-NEWS. December 22, 2010. The Karelia-ROSNO branch of the North-Western Directorate concluded over ten insurance contracts covering civil liability of the construction companies-SRO members for performance of works related to construction, reconstruction and capital repairs, and for issuance of design documentation. The aggregate insurance amount under all contracts is 145,000,000 roubles, reported the press-centre of ROSNO.

The contracts insure the company’s property interests related to the its obligation to reimburse the damage inflicted to life, health and/or property of third parties, to the environment or cultural heritage objects due to any defects in the works affecting construction safety.

The insurance coverage has been provided for the operation of 13 construction companies of the Republic of Karelia holding membership in the Karelian SRO, NP OSK (Karelian Builders Association). The contracts will be valid for 1 year.