Insurance of the risk of liability for the breach of the contract

Today, the research of the specifics and the main problematic aspects of insurance of the probable risk of liability for the breach of contract terms is of particular relevance. Based on the analysis of the legislation in effect and scientific points of view, the author concludes that the risk of liability for the breach of the contract is considered insured in favor of the beneficiary, even if the insurance contract is made in favor of another person, or it not said in whose favor it has been made. It is proved that in the situation under consideration, the insured event is the fact of non-performance or improper performance of the contract, which caused the expenses of the insurer, necessary and sufficient to restore the violated rights of third parties.