Public Liability Insurance   

Public Liability Insurance

Under the terms of this insurance, BULSTRAD VIENNA INSURANCE GROUP is obliged to cover, within the agreed liability limits, all sums that the INSURED /legal entity/ becomes liable to pay under a court decision or a settlement of damages caused to third parties, arising out of the Insured’s public liability in relation to or during the activity of the INSURED / its employees, when such damages have occurred during the term of the insurance and within the validity period of the policy.

Damages to third parties include:

  • total or partial loss /excluding theft/ or damage of property;
  • death, permanent or temporary disablement due to an accident,

which have occurred on the territory of validity of the policy or as a result of the activity of the INSURED.

Cover is also provided for: loss of profit resulting from unlawful infliction of damages; late payment interest starting from the date of notification to the INSURER about the occurred insurance event; legal costs awarded in lawsuits against the Insured, when the INSURER was engaged in the court case.

The insurance cover applies for the territory of the Republic of Bulgaria.

ИДЗП Обща гражданска отговорност към трети лица

 
About BULSTRAD
ZAD "BULSTRAD VIENNA INSURANCE GROUP"
was founded on 31 July 1961. Since then the company has developed all lines of insurance and reinsurance business, such as aviation and marine, in which we have a leading position on the Bulgarian insurance market; cargo and property, motor insurance, construction-and-erection risks, personal lines and others.

In 1967, the Company registered its broking company in London, EUROPEAN INSURANCE AND REINSURANCE BROKERS (EIRB).