OREANDA-NEWS  On 13 November was announced, that Ingosstrakh IJSC and AM-Building Center signed an insurance contract for construction and assembly risks and liability to the third parties during construction of a shopping and business center, "Dom Park Kultury" in Zubovsky boulevard in Moscow. The amount insured under the contract is almost USD 34 mln. 

The insured construction is a multistoried building with the total floor area of underground and aboveground premises of 7480 square meters. The commissioning is planned for the end of 2009. 

Risks were evaluated by theTechnical Risks Department of Ingosstrakh together with the experts of the Engineering Center of the insurance company. The risk is fully reinsured within the framework of the obligatory contract of reinsurance of technical risks of Ingosstrakh IJSC.

According to Radiy Suleimanov, Head of the Technical Risks Insurance Department, Ingosstrakh IJSC, although this is the first experience of working with this developer, the insurance company has a long-term experience of cooperation with the general contractor of the construction.