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The "Motor Third Party Liability" insurance for vehicle owners and users covers the vehicle driver's liability for culpably caused property and non-property damage to third parties. This may include bodily injury or death, damage to another's property, lost profits resulting from the damage, as well as costs incurred in connection with filing the claim. It is important to note that if you are at fault for causing an accident, you are not entitled to compensation for property or non-property damage. "Civil Liability" insurance is mandatory for vehicles with Bulgarian registration plates, while vehicles with foreign registration are not insured. Its territorial validity includes: the Republic of Bulgaria, Member States of the European Union, the European Economic Area, and third countries that are members of the "Green Card" agreement. Liability limits on the territory of the Republic of Bulgaria are as follows:

For damage to property (items), the limit is up to BGN 2,100,000 for each event, regardless of the number of injured persons.

For property and non-property damage resulting from bodily injury or death, the limit is up to BGN 10,420,000 for each event, regardless of the number of injured persons.

Casco Insurance provides financial protection against various damages to a vehicle. These damages can be caused by the fault of the vehicle's driver or by the fault of third parties, up to a predetermined limit agreed upon between the insurer and the insured (insurance amount). The following vehicles are insured:

• Cars;
• Freight vehicles;
• Trailers and semi-trailers;
• Vehicles with foreign registration;
• Mopeds, motorcycles, ATVs;
• Construction and agricultural equipment

Covered risks:

• Fire, explosion, short circuit;
• Natural disasters;
• Road traffic accidents, including damage while parked;
• Malicious actions of third parties;
• Theft or robbery of the entire vehicle

Auto Assistance insurance provides coverage for the following:

• Expenses incurred for technical assistance and vehicle transportation to a repair facility or the policyholder's residence;
• Expenses for emergency medical services following an accident;
• Expenses for the transportation of insured individuals to a medical facility;
• Hotel expenses;
• Repatriation of mortal remains expenses;

The insurance coverage is applicable within the Republic of Bulgaria and internationally. It can be purchased for a duration of one month to one year, and the following vehicles are eligible for coverage:

• Passenger vehicles with a maximum of 8 seats, excluding the driver's seat;
• Horse trucks up to 3.5 tons and minibuses with a maximum of 12 seats;
• Motorcycles and mopeds;
• Caravans;
• Trailers;

The "Accident in Seats in a Vehicle" insurance is voluntary and covers all seats in a vehicle. It includes coverage for:

• Death resulting from an accident
• Permanent loss of working capacity resulting from an accident
• Temporary incapacity resulting from an accident
• Medical expenses resulting from an accident

In the event of a traffic accident, regardless of the cause or fault, the insurance covers damages to injured persons who are in the vehicle, whether the vehicle is in motion or stopped, and passengers are getting on or off. Insurance of only some of the seats is not permitted; however, insurance of only the driver's seat is allowed if the passenger seats are insured under the mandatory "Accident to Passengers in Public Transport" insurance. The insured person may determine the insurance amount for one seat, but it must be the same for all seats. The insurance policy duration can range from one month to one year.

GAP insurance is an optional addition to Casco insurance policies with coverage for theft and total damage. Typically, cars up to 10 years old are eligible for coverage; however, some used cars may be insurable if they meet the insurer's requirements. In these cases, the insurance amount is determined based on the car's actual value at the time of purchase.

Compensation under GAP insurance covers the difference between the Casco insurance compensation and the car's invoiced value at the time of purchase, up to the policy limit. GAP insurance covers total damage resulting from the following risks:

• Theft of the car;
• Road traffic accident;
• Fire;
• Natural disaster.

Insurance policies guarantee protection of the property of legal entities, whether owned or rented, by recovering total loss or partial damage caused by or resulting from any of the following risks:

• Fire, lightning, explosion, collision or fall of a manned aircraft and/or its parts or cargo;
• Short circuit and/or electric shock;
• Storm, hail, heavy rain, flood, weight of natural accumulation of snow and/or ice, frost/freezing;
• Wetting from forgotten taps or fountains or as a result of a breakdown of the water supply, district heating, sewage, steam pipeline, heating, air conditioning, or sprinkler installations;
• Earthquake;
• Landslide or collapse of earth layers and/or action of groundwater;
• Malicious acts by third parties, vandalism;
• Impact from a vehicle;
• Sea waves;
• Impact from a vehicle;
• Theft by burglary, theft with a technical device, robbery;
• Liability to third parties;
• Glass breakage;

Types of property:

• Real estate: buildings, offices, commercial and industrial facilities, warehouses;
• Movable property: office equipment, machinery, facilities, business inventory, and inventories;

Special property: fences, lighting fixtures, jewelry, cash in the safe, etc.;

The insurance policy covers material damage that may occur during construction and assembly activities, as well as liability to third parties for property and non-property damage. The policy is active for the duration of the construction project, and additional coverage may be provided for the warranty period.

Insured parties may include:

• Investors who assign a project for implementation;
• Construction contractors who perform the construction activities;
• Subcontractors;
• Suppliers;

The insurance policy covers the following risks:

• Fire; explosion; lightning, collision or fall of a manned aircraft and/or its parts or cargo, explosion, fire extinguishing;
• Natural disasters;
• Earthquake, landslide or collapse of earth layers, subsidence of earth layers;
• Theft by burglary, robbery;
• Malicious acts of third parties, vandalism;
• Strikes, riots, civil commotion;
• Liability to third parties for property and non-property damage;
• Poor workmanship;
• Defects in the materials used;
• Costs for limiting damage and clearing up debris after the occurrence of an insured event;

Insurance "Road Carrier's Liability" (CMR) insures the carrier against liability for complete or partial loss of, or damage to, the goods transported by the carrier. Reimbursement also covers costs for salvage of the goods, freight, customs duties, and other expenses incurred for the transport of the goods. For Bulgaria, insurance coverage is provided in accordance with the Road Transport Act; for international shipments, coverage is provided in accordance with the Convention for the International Carriage of Goods by Road. The insurance may be purchased for one shipment, for one year, or for a period of several months.

Additional coverage:

• Cabotage transport within the territory of Germany and the EU
• Loss of, or damage to, a container due to an accident and/or fire
• Loss of, or damage to, a trailer/semi-trailer due to an accident and/or fire
• Transportation of ADR goods
• Transportation of goods in refrigerated vehicles

Cargo Insurance

In recent years, we have been a leader among insurance brokers in providing Cargo insurance. With our experience and knowledge, we successfully guide and assist clients not only in policy procurement, but also in the claims settlement process.

The insurance covers losses or damages to cargo caused by hazards during transport by land, water, air or a combination thereof. Cargo can be insured for the duration of its transportation regardless of the vehicles. The insurance helps carriers and businesses to protect themselves from financial loss.

Covered risks are in accordance with the International Institute Cargo Clauses:

Institute Cargo Clauses “A” - “Full Coverage”

Covers loss or damage caused by:

• Fire or explosion
• Stranding, sinking or capsizing of a ship or vessel
• Overturning or derailment of a land conveyance
• Collision or contact of a ship, vessel or conveyance with any external object other than water
• Unloading of cargo at a port of distress
• General average
• Discharge of cargo at a port of distress
• Earthquake, volcanic eruption or lightning
• Damage from ingress of sea, river or lake water
• Total loss of any package lost overboard
• Total loss of any package dropped overboard during loading or unloading
• Breaking, crushing, scratching, denting, battering, etc.
• Theft
• Malicious damage
• Any damage from getting wet, including rain

Institute Cargo Clauses “B” - “Limited Coverage”

Covers loss or damage caused by:

• Fire or explosion
• Stranding, sinking or capsizing of a ship or vessel
• Overturning or derailment of a land conveyance
• Collision or contact of a ship, vessel or conveyance with any external object other than water
• Unloading of cargo at a port of distress
• General average
• Discharge of cargo at a port of distress
• Earthquake, volcanic eruption or lightning
• Damage from ingress of sea, river or lake water
• Total loss of any package lost overboard
• Total loss of any package dropped overboard during loading or unloading

Institute Cargo Clauses “C” - “Minimum Coverage”

Covers loss or damage caused by:

• Fire or explosion
• Stranding, sinking or capsizing of a ship or vessel
• Overturning or derailment of a land conveyance
• Collision or contact of a ship, vessel or conveyance with any external object other than water
• Unloading of cargo at a port of distress
• General average
• Discharge of cargo at a port of distress

This insurance policy covers the civil liability of legal entities and individuals for damages caused to third parties. Compensation under this policy includes:

• All amounts that the Insured is legally obligated to pay, based on third-party claims for an insured event covered by this insurance.
• All expenses for settling the aforementioned claims, made with written consent from the Insurer.

Insured events covered by this policy include bodily injury (including death, illness, or loss of working capacity) and/or property damage that:

• Occur during the term of the insurance.
• Occur within the Republic of Bulgaria.
• Are related to a temporary (no more than 30 days) official stay of the Insured.

"Employer's Liability" insurance provides coverage for the policyholder's liability as an employer for property and non-property damages incurred by their workers or employees while fulfilling their obligations under an employment contract. This insurance supplements "Workplace Accident" insurance and enhances the security of each insured employer by extending coverage to all persons engaged in employment relationships with them.

This insurance policy covers the professional liability of the person named in the policy (e.g., lawyers, notaries, receivers, accountants, doctors) in relation to: all amounts, not exceeding the agreed limits of compensation, which the insured is legally obligated to pay as compensation for damages caused to clients, as a result of culpable failure to fulfill professional duties (including negligence, errors, and omissions) in accordance with current regulations. Damages are established on the basis of claims submitted for the first time in writing during the insurance period, provided that the events on which the claims are based occurred within the Republic of Bulgaria after the start date of the insurance or after the retroactive date entered in the policy (if such is agreed).

The insurance covers property and non-property damage to other participants in the construction or to third parties, as a result of the professional activity of the insured in the design and construction. This insurance is mandatory and is entered into in accordance with the requirements of Art. 171 of the Spatial Planning Act.

The following may be insured:

• Designers - For the development of investment projects;
• Builders - For the complete implementation of the construction or individual types of construction and assembly works;
• Consultants - For the assessment of the compliance of the investment project with the essential requirements for construction and/or for the exercise of construction supervision;
• Persons exercising construction supervision - For constructions of the fifth category, in cases where supervision is performed at the request of the client;
• Persons exercising technical control under the "Constructive" part of an investment project for which a compliance assessment has not been performed by a consultant;

This insurance policy safeguards the insured's business against primary commercial risks, including non-payment, insolvency, and bankruptcy in deferred payment sales with customers.

Advantages of trade receivables insurance:

• Information on the buyer
• Risk assessment of the customer
• Compensation for overdue receivables
• Financing from the insurance provider
• Stabilization of cash flow
• Improved collection of receivables, regardless of the territory

Insurance "Guarantee in favor of the contracting authority"  is a contract established between three parties, which guarantees the fulfillment of obligations. In essence, it is a mechanism for transferring risk. In this case, funds are not blocked, and no seizure is imposed on the contractor's assets.

Types of Guarantees:

• Advance payment guarantee - secures the funds provided in advance under the contract
• Good performance guarantee - covers the risk of non-fulfillment or inaccurate fulfillment of the insured's obligations under a specific contract
• Maintenance and warranty service guarantee - secures the insured's obligations regarding warranty service under the contract
• Other guarantees

The medical insurance policy provides the insured with coverage for services and medical expenses incurred during the coverage period for the treatment of covered diseases and medically necessary medical procedures, following confirmation of the diagnosis through a second medical opinion procedure. The medical insurance policy provides financial security, as well as assistance from an international health organization (formerly Best Doctors) for the treatment of some of the most serious diseases by the best specialists in the world by providing a second medical opinion, as well as comprehensive travel arrangements and covering the costs of an accompanying person abroad. The costs are covered within the limits of liability set out in the general terms and conditions.

COVERED DISEASES AND MEDICAL PROCEDURES

• Malignant neoplasms
• Coronary artery bypass grafting (myocardial revascularization)
• Heart valve replacement or reconstruction
• Neurosurgery
• Organ/tissue transplantation from living donors
• Bone marrow transplantation

COVERED EXPENSES

• Medical expenses
• Travel expenses
• Accommodation expenses
• Repatriation expenses
• Medical expenses
• Daily hospitalization allowance

The coverage is valid for medical expenses incurred outside the territory of the Republic of Bulgaria, with the exception of expenses for medications for subsequent treatment, which can only be incurred in the Republic of Bulgaria.

Voluntary health insurance provides the insured individual with the opportunity to utilize additional health services that are both within and outside the scope of mandatory health insurance. Both individual and group health insurance contracts can be established. The insured individual can choose the hospital in which to receive treatment. Group health insurance contracts can be established either through subscription service or through reimbursement of costs.

With voluntary health insurance through reimbursement of costs, the insured individual can receive treatment in a medical facility of their choice, paying for the medical services. The health insurance company then reimburses the costs incurred.

With voluntary health insurance through subscription service, the insured individual can receive treatment in medical facilities with which the health insurance company has established contracts; the costs of treatment are paid by the health insurance company.

Coverage is provided in several packages:

• Preventive package
• Outpatient medical care
• Inpatient medical care
• Dental care
• Medical transport

This insurance policy covers the insured person against financial risks associated with illness, accidental bodily injury, pregnancy, and childbirth. Coverage includes the cost of specified medical services and goods, as well as predetermined monetary compensation, all within the defined scope of the insurance policy.

The insurance is available in two distinct options, differentiated by geographical coverage and policy limits:

• European Health Plan:  Coverage is limited to events occurring within Europe.
• World Health Plan:  Coverage extends to events occurring globally, including the USA and Canada.

The insurance is voluntary and provides financial protection against events related to the life or health of the insured individual. Under this type of contract, compensation is paid only upon the occurrence of an insured event. If the insurance term expires, the insurer is not obligated to pay an insurance amount.

Covered risks (main):

• Death resulting from illness or accident
• Permanent loss of working capacity resulting from an accident

Additional risks:

• Temporary loss of working capacity resulting from an accident
• Hospitalization in the event of an accident
• Expenses for medications and consumables

Regarding the main types of risks, the insurance is valid both within the Republic of Bulgaria and abroad.

This is a long-term life insurance policy, where the savings component is invested in investment funds, with the goal of increasing it over time. The invested funds are primarily in securities - stocks and bonds, which allows for investment on global stock exchanges to achieve higher returns. The minimum term for which this insurance can be established is 10 years, with the insured party determining for themselves the portion of funds to be invested.

The insurance policy covers costs incurred due to accidents and/or acute illnesses outside the Republic of Bulgaria. These costs may also be incurred by athletes, both professional and amateur.

In the event of damage to the health or death of the insured due to an accident or sudden illness, the insurance company, through an assistance company, provides 24-hour assistance to the insured or their heirs. The insurance is valid during the insured's stay outside their official or usual country of residence.

Insurance coverage includes:

• Medical expenses
• Emergency dental care
• Repatriation expenses
• Costs for transporting mortal remains
• Death and permanent loss of working capacity as a result of an accident
• Daily allowance for hospital stays
• Theft, loss, and delay of luggage
• Rescue expenses
• Civil liability

Trip cancellation insurance is designed to compensate for expenses incurred when a traveler must cancel a trip due to unforeseen circumstances. These may include illness, urgent work commitments, disasters, or other events that necessitate trip cancellation. The insurance reimburses for prepaid expenses, such as airline tickets, hotel reservations, and other travel-related costs.

The risks covered by this insurance include:

• Accidental death for individuals over the age of 14;
• Trip cancellation expenses;
• Trip curtailment or interruption expenses;
• Trip extension expenses;
• Flight delay.

This mandatory insurance policy provides coverage for workers and employees who carry out tasks that endanger their lives, health, and ability to work. The economic activities that necessitate mandatory insurance against the risk of "Occupational Accident" are outlined in the compulsory insurance regulation.

The following risks are covered:

• Death of the insured individual resulting from an occupational accident - the compensation is equal to seven years' gross annual wages (insured amount)
• Permanent reduction in working capacity resulting from an occupational accident - the compensation is a percentage of the insured amount
• Temporary incapacity resulting from an occupational accident - the compensation is a percentage of the gross monthly wage