OREANDA-NEWS. July 24, 2008. ROSNO’s Ural Directorate has concluded a number of contracts for insurance of property owned by the USTA-GROUP holding, as well as the contracts for insurance of civil liability borne by the hotels and the restaurant chain belonging to that group of companies. The aggregate contractual insurance amount is 774,590,000 roubles, reported the press-centre of ROSNO.

Among the insured hotels are the Grand Avenue Hotel, Yekaterinburg-Tsentralny Hotel, City Hotel and Premiere Hotel belonging to the USTA-GROUP holding. The insurance contracts cover the hotel buildings, including internal and external furnishings, as well as plumbing systems.

The insurance coverage includes protection against the following set of risks: fire, lightning stroke, explosion, aircraft impact, storm and hail, flood, earthquake, soil subsidence, mudslide, landslide, damage by water from water-supply systems, and deliberate third-party actions. The hotels’ property has been insured for the total amount of 738,590,000 roubles.

Along with the holding’s property, ROSNO has also insured civil liability of the Grand Avenue Hotel, Yekaterinburg-Tsentralny Hotel, City Hotel and Iset Hotel. The civil liability insurance contract provides coverage against the following risks: infliction of harm or damage to hotel customers (whether individuals or legal entities) in course of operation of residential and non-residential premises; and deficiencies in the hotel services rendered in accordance with the category assigned to the particular hotel. The aggregate insurance amount under the hotels’ civil liability insurance contracts equals 15 million roubles.

Furthermore, the parties have signed contracts for insurance of civil liability of a number of restaurants and cafes owned by USTA (such as Case, Savoy, Portofino, etc.) for infliction of harm or damage to third parties through deficiencies in the company’s public catering services.

The aggregate insurance amount under the restaurants’ and cafes’ civil liability insurance contracts equals 21 million roubles.