Voluntary civil liability insurance for harm caused to third parties in the course of business. The product suits organisations and entrepreneurs whose activity may harm the life, health or property of others but does not fall under a compulsory class.
How it differs from the compulsory classes
In the compulsory classes — carrier’s liability, employer’s liability, hazardous facilities liability, dangerous goods carrier liability — the sums insured and rates are set by law. Here the sum insured, sub-limits and rate are set individually on the basis of a questionnaire about the nature and scale of the activity and its risks.
What is covered
- harm to the life and health of third parties;
- damage to third-party property.
A separate sub-limit can be set for each risk, as well as a limit per insured event, within the overall aggregate limit of the contract.
How the premium is calculated
Premium = sum insured × rate (%) × adjustment coefficient × contract term in days / 364. The rate is applied within a range of 0.5% to 1.5% and the adjustment coefficient between 0.1 and 10; the exact values follow from the risk assessment. A sales tax of 2% is applied to the calculated premium.
Deductible
The contract may include a deductible: none, a fixed amount, a percentage of the sum insured, or one applied to total loss or a particular risk.
How to arrange it
- Enter the insurance period and the policyholder’s details.
- Describe the activity in detail and the date it started.
- Complete the details of the premises: their purpose and addresses, and a description of the surrounding area.
- State the required sum insured, the sub-limits by risk and the limits per insured event.
- Specify a deductible if required and attach the supporting documents.
- Complete electronic identification, sign with an electronic digital signature and pay the premium.
The policy can also be arranged at the head office and at any SIO branch. Payment is accepted online, by QR code, bank transfer, mobile banking apps, at a terminal or at the cash desk.
Documents required
The policyholder’s registration documents; a questionnaire on the type and scale of the activity; details of the premises; the liability limits required. Documents are attached in PDF, Word, JPG or PNG — up to 10 files.
If an insured event occurs
- Take measures to reduce the harm and assist the injured.
- Notify the competent authorities where the nature of the incident requires it.
- Record the circumstances and collect the details of the injured and of witnesses.
- Notify SIO — on the call centre numbers 0 553 54 54 00 and 0 707 54 54 00 or through the claim form on the website.
- Submit a claim with the supporting documents.
Legal basis
Voluntary liability insurance is provided in accordance with the Law of the Kyrgyz Republic "On Insurance and Insurance Activities" No. 89 of 29 April 2025 and SIO’s insurance rules.