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27. Insurance
 12 Months Ended
Dec. 31, 2018
Insurance  
Insurance

The Company has insurance that covers fire and other damage to its assets and office buildings, and liabilities to third parties, among others. It also has civil liability insurance for the members of the Board of Directors and Board of Executive Officers (“D&O insurance”) and guarantee insurance for escrow deposit (as described in Note 20 (f)) and traditional guarantee insurance. The Company contracts insurance through bidding processes with the participation of the main Brazilian and international insurance companies that operate in Brazil.

 

As of December 31, 2018, the Company’s insurance coverage is as follows:

 

 

Coverage

   
Specified risks – fire 2,007,219
Engineering risk 911,961
Guarantee insurance for escrow deposit 500,000
Traditional guarantee insurance 100,000
Civil liability– D&O (Directors and Officers) 100,000
Civil liability – works 72,435
Domestic and international transportation 11,470
Civil liability – operations 5,000
Other

14

Total

3,708,099