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35. INSURANCE
 12 Months Ended
Dec. 31, 2019
Disclosure of types of insurance contracts [abstract]  
INSURANCE

35. INSURANCE

 

The Company maintains insurance policies to cover damages on certain assets, in accordance with orientation by specialists, as listed below, taking into account the nature and the degree of risk, for amounts considered sufficient to cover any significant losses related to its assets and responsibilities. The risk assumptions adopted, due to their nature, are not part of the scope of an audit of the financial statements, and consequently were not examined by the external auditors.

 

 

 

 

 

   Coverage         Coverage period     

 

 

Amount
insured (1)

 

 

    

 

 

 

Annual
premium (1)

Companhia Energética de Minas Gerais                        
Facilities in buildings   Fire      

Jan. 8, 2020 to

Jan. 8, 2021

   R$ 8,661   R$ 2
Cemig Geração e Transmissão                        
Air transport / Aircraft  

Fuselage

 

Third party

 

      

April 29, 2019 to

 April 29, 2020

 April 29, 2019 to

 April 29, 2020

   US$
US$

4,385

14,000

 

   US$ 49
Warehouse stores   Fire      

Nov. 2, 2019 to

 Nov. 2, 2020

 

   R$ 20,771   R$ 20
Buildings   Fire      

Jan. 8, 2020 to

Jan. 8, 2021

 

   R$ 275,773   R$ 75
Telecoms equipment (3)   Fire      

Jan. 8, 2019 to

Jan. 8, 2020

 

   R$ 2,650   R$ 2
Operational risk - Transformers above 15MVA and other power distribution equipment with value above R$1,000   (2)      

Dec. 7, 2019 to

Dec. 7, 2020

 

   R$

 

 

959,243

 

  

 

 

R$

 

 

 

1,262

 

Cemig Distribuição                        
Air transport / Aircraft / Guimbal equipment  

Fuselage

 

Third party

 

      

April 29, 2019 to

April 29, 2020

 

   US$
USS

3,370

14,000

 

   US$ 34
Warehouse stores   Fire      

Nov. 2, 2019 to

Nov. 2, 2020

 

   R$ 120,007   R$ 117
Buildings   Fire      

Jan. 8, 2019 to

Jan. 8, 2020

 

   R$ 744,134   R$ 201
Telecoms equipment (3)   Fire           R$ 31,083   R$ 28
Operational risk – Transformers above 15MVA and other energy distribution equipment with value above R$ 1,000 (2)   Total      

Dec. 7, 2019 to

 Dec. 7, 2020

 

   R$ 528,071   R$ 695
Gasmig                        
Gas distribution network / Third party   Third party      

Dec. 15, 2019 to

Dec. 15, 2020

 

   R$ 60,000   R$ 398
Own vehicle fleet (Operation)   Damage to third parties only      

Jul. 7, 2019 to

Jul. 7, 2020

   R$ 500   R$ 3
Own vehicle fleet (Directors)   Full cover      

Oct. 25, 2019 to

Oct. 25, 2020

 

   R$ 100   R$ 2

Facilities – multirisk

   Robbery, theft and fire      

Jan. 1, 2020 to

Jan. 1, 2021

 

   R$ 41,374   R$ 44.8

  

(1) Amounts expressed in R$ ‘000 or US$’000. 
(2) Maximum indemnity limit: R$ 231  
(3) Contracting of a new policy is in progress.

 

The Company, except for its aircraft, does not have third party liability insurance covering accidents, and is not seeking proposals for this type of insurance.  Additionally, Company has not sought proposals for, and does not have current policies for, insurance against events that could affect its facilities such as earthquakes, floods, systemic failures or business interruption. The Company has not suffered significant losses arising from the above-mentioned risks.