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Professional Liability of Legal Entities for corporate clients

Professional Liability of Legal Entities Insurance from Euroins provides reliable protection for

your business against claims for material and non-material damages arising from

professional errors or omissions. This policy is a key factor in the stability of

companies providing specialized services, ensuring financial protection in the

event of negligence or failure to fulfill professional obligations.

 

Check the status of your insurance policy online here!

What is Professional Liability of Legal Entities Insurance for corporate clients?


Professional Liability of Legal Entities Insurance is designed to cover the business’s liability for damages caused to third parties in the course of carrying out specific professional activities. It is essential for sectors where professional expertise and technical performance are critical to clients.

Key benefits for businesses include:

  • Financial protection against errors – coverage for compensation payable for damages resulting from professional negligence, errors, or omissions;
  • Reputational stability – demonstrating to your partners and clients that you are a responsible service provider with insurance protection against professional risks;
  • Compliance with legal requirements – for certain professions, this insurance is a mandatory requirement for legally carrying out the relevant professional activity in Bulgaria.

Why choose Euroins for Professional Liability of Legal Entities insurance for corporate clients?


  • Coverage in line with the minimum required liability limits
  • Option to choose higher voluntary liability limits
  • Single or installment payment options
  • Personalized approach – policies tailored to the specific requirements of different industry organizations
  • Claims expertise – fast and professional assessment of claims to minimize the negative impact on your business

 

What does Professional Liability of Legal Entities insurance cover for businesses?


Euroins Professional Liability of Legal Entities insurance is designed to protect your business against financial claims arising from errors, omissions, or negligence in the performance of professional duties. The policy provides financial security by covering the Insured’s legal liability to compensate third parties for damages caused to them.

Basic coverage


  • We reimburse costs and compensation for damages caused as a result of your actions or inactions during the validity period of the policy.



Who can be insured?


Depending on the specifics of your business, Professional Liability of Legal Entities insurance offers specialized coverage clauses for a wide range of professions. You can choose coverage for the following categories:


  • Medical staff;
  • Notaries; 
  • Lawyers;


  • Insurance brokers; 
  • Private bailiff; 


  • Trustee; 
  • Persons exercising a profession or activity not specified above - mountain guides, veterinarians and others.

Where is Professional Liability of Legal Entities insurance valid for corporate clients?

On the territory of the Republic of Bulgaria.

Terms and Conditions of Professional Liability of Legal Entities insurance for corporate clients

What is the policy term of Professional Liability of Legal Entities insurance?

Professional Liability of Legal Entities insurance is generally taken out for a period of 1 (one) year, with the option to renew the policy based on updated turnover information.

What are the liability limits under Professional Liability of Legal Entities insurance?

The liability limits are determined based on the profession or business activity for which the insurance is taken out.

Where can I take out Professional Liability of Legal Entities insurance?

You can find information about the premium and take out a Professional Liability Insurance for Legal Entities policy at any Euroins office or through our partner insurance intermediaries.

How can the premium for Professional Liability of Legal Entities insurance be paid?

The premium for your Professional Liability of Legal Entities insurance can be paid in a single payment or in installments by bank transfer, at any Euroins office, or online.

When does coverage under Professional Liability of Legal Entities insurance take effect?

Insurance coverage under Professional Liability of Legal Entities insurance takes effect after the due premium (or first installment) has been paid.

Necessary documents for taking out insurance:

  • Questionnaire
  • List of insured persons - when insuring a group of persons 
  • Other documents - additional documents requested in connection with the issuance of a policy or an addendum to it (including licenses, a copy of registration coupons)

Documents

Frequently asked questions

How can I take out "Professional Liability of Legal Entities" insurance?

Who is required to take out "Professional Liability of Legal Entities" insurance?

How can I pay the insurance policy premium?

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