Insurance
Public Liability Insurance for Legal Entities

What is "Public Liability Insurance for Legal Entities" ?

• Voluntary insurance intended for merchants, within the meaning of the Commercial Law, covering their liability for property damage and non-property damage caused to third parties.

Insurance coverage:

Your civil liability in case you cause damage to third parties in connection with or in the course of your business activity specified in the insurance contract, within the territory of validity of the policy, including:

• the amounts that you are legally liable to pay as compensation for material damage, bodily injury, or death caused during the term of the insurance to third parties in connection with the activity described in the Policy;
• reasonable expenses incurred by you to limit the damage, when you have acted with the necessary care for the case, even if your efforts have been unsuccessful;
• legal costs in proceedings against you in connection with insured events covered by the insurance, provided that we have been involved in the proceedings as a third party intervener, where this is permitted by law. Based on a special agreement, the scope of insurance coverage may be extended as follows: any of the exclusions described may be covered against payment of an additional premium; civil liability of natural persons may be insured.

Territorial coverage:

Within the territory of the Republic of Bulgaria.

What are my obligations?

Upon conclusion of the contract:

• to answer all questions asked by us when concluding the insurance contract, providing us with accurate, true, and complete information;
• to pay the insurance premium or the first installment thereof, in case of agreed deferred payment.

During the term of the contract:

• take the necessary measures to prevent events that may lead to the occurrence of an insured event covered by the insurance contract;
• to notify us immediately as soon as you become aware of any circumstances that increase the risk and of any changes or new circumstances that we asked about in writing when concluding the contract;
• if the premium is deferred, to pay the individual deferred installments on the due dates specified in the policy.

Upon the occurrence of an insured event, except in cases of actual impossibility:

• notify us in writing, in the event of an occurrence, within the agreed time limits;
• submit a written notification, in accordance with the template, to our office and provide the necessary documents when filing a claim;
• take all reasonable measures to prevent, limit, or reduce the damage, as well as to clarify the amount of the loss or damage;
• not to acknowledge, satisfy or reject any claims without our prior written consent;
• to provide us with all necessary documents proving the occurrence of the insured event and the amount of the damage