Legal Entities and Single Traders
Who is it designed for
Insured could be all the legal entities – Bulgarian and foreign ones, regardless their legal statute, except for the citizens as private individuals. For them the company has another licensed insurance.
Insurance cover
This insurance shall cover the following:
CLAUSE “A” – BASIC COVER
All the sums that the Insurant is lawfully liable to pay to third parties as a compensation for property and/or non-property damages (death, bodily injury, pains and suffering) occurred as a result of the activity of the Insurant and being within the agreed liability’s limits, as well as all the sums for arranging claims for the caused above described damages, made after a written permission of the Insurer.
CLAUSE “B” – ADDITIONAL COVER
Court expenses for the damages claimed in relation to the liability of the Insurant (lawyer fees excluded).
Territorial scope
The territory of the Republic of Bulgaria.
Sum insured
The following limits are agreed on this insurance: a limit per event from BGN 2.000 up to BGN 200.000; a limit for all the events, which is equal to the double size of the limit per event or from BGN 4.000 up to BGN 400.000.
Insurance premium
The insurance premium shall be calculated on the basis of the higher size between the agreed limit in aggregate and the turnover of the enterprise, and the risk class of the enterprise of the Insurant according to the definitions contained in the tariff of this insurance. This sum could be decreased or increased by the discounts or the additional fees provided in the tariff.
Conclusion and term of the insurance
The insurance shall be concluded on the basis of a detailed proposal, filled in by the Insurant, and against payment of the insurance premium or the first installment of it (in case installment payment has been agreed). The insurance policy shall be issued on the grounds of the proposal for the period agreed, but not shorter than one month.
When is the insurance indemnity paid
The insurance indemnity shall be paid, when after receiving a claim in writing, the grounds and the size of the damage caused by the Insurant are proven.
