Why choose My Company?
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Frequently Asked Questions (FAQs)
Companies that can insure their property with "My Company" insurance must meet the following three criteria:
- traders within the meaning of the Commercial law
- persons carrying out economic activity as local legal entities, who are not traders
- civil companies under the CPA
- foreign legal entities that carry out economic activity on the territory of Bulgaria
i.e. not only companies in the field of production or services, but also e.g. lawyers, accounting firms, NGOs, associations;
- have up to 10 employees;
- have revenues from the activity (not turnover) - up to BGN 3 million
Yes! My company insurance can be concluded:
only for Movable Property or for Movable Property and Real Estate;
Yes! For the risk "Accident of machinery and electronic equipment" and the risk "Earthquake" a mandatory deductible is applied, which cannot be renegotiated and is in the following amounts:
Yes! This risk covers damages from short circuit and electric shock, but only when these damages are: of the building elements of the insured real estate (e.g. of the electrical installation) and of household electrical appliances or other appliances that are not used for the purposes of carrying out the activity of the company.
Example: This risk will cover short circuit damage to a refrigerator and / or coffee machine intended for use by employees of a confectionery company and will not cover short circuit damage to all machines used in the production activity. - e.g. injection molding machines, mixers, mills, packaging, sorting machines, cold rooms, etc. similar, used for the purposes of the company's activities.