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We all live under the same sky, but we don't all have the same horizon

Konrad Adenauer

 

 

Our Products

Intended for:

Micro, small and medium-sized enterprises with total sum insured up BGN 500 000.

 Basic cover

The subject of insurance is buildings and content owned by or in care, custody and control of the Insured. In case of mortgaged or pledged property, the financing bank can be appointed beneficiary. The basic cover includes damages and losses resulted from:

  • fire (incl. the consequences of fire extinguishing)
  • lightning, explosion or implosion
  • aircraft, incl. cargo or parts falling therefrom
  • natural perils (incl. storm, hail, torrential rain, flood,  snow or ice pressure,  freezing, falling trees, branches and other external objects due to storm or hail)
  • sewer water
  • a vehicle or an animal impact
  • costs incurred by the insured to limit the damages resulting from an insurance event.

The coverage may be extended to include:

  • earth collapse or landslide, earthquake, short circuits and / or over voltage, vandalism,  loss or damage during transportation in case of change of the address
  • expenses for removal of debris , for relocation, protection and storage of insured property and / or loss of rental income
  • glass breakage with the possibility of coverage on the basis of “all risks”
  • third party liability (incl. damages caused to third parties as a result of fire, wetting during firefighting or flooding from the insured site which the insured is obliged to compensate on  the basis of unauthorized damage).

Sum Insured

The basis of valuation is actual or replacement value.

Insurance premium

It is calculated on the Sum Insured in correlation with covered perils, protection measures and other rating factors.

Industrial Fire insurance is intended for:

  • compaies with staff of over 50  employees and/or
  • total sum insured over BGN 500 000

The subject of insurance is buildings and contents owned by or in care, custody and control of the Insured..
In case of mortgaged or pledged property, the financing bank can be appointed as beneficiery.

Basic cover

It includes damages and losses as a result of:

  • fire (incl. the consequences of extinguishing  thereof)
  • lightning, explosion or implosion
  • aircraft, incl. cargo or parts falling therefrom
  • expenses incurred by the insured to limit the damages resulting from an insurance event.

The territorial scope includes the address of the location indicated in the policy.

Coverage extension  

The coverage may be extended to include:

  • natural  perils (incl. storm, hail, torrential rain, flood,  snow or ice pressure,  freezing, falling trees, branches and other external objects due to storm or hail)
  • earthquake
  • sewer water
  • vandalism
  • a vehicle or an animal impact
  • loss or damage during transportation in case of change of the address
  • expenses for removal of debris, and / or for relocation, protection and storage of insured property
  • glass breakage with the possibility of coverage on the basis of “all risks”.

The territorial scope includes the address of the location indicated in the policy.

 Sum Insured

The basis of valuation are the actual, replacement or accounting value.

Insurance premium

It is calculated on the basis of sum insured, covered perils, type of business, protection measures and other rating factors.

 

 

All risks insurance is intended for businesses:

  • with staff of over 50  employess and / or
  • total sum insured over BGN 500 000.

The subject of insurance is buildings and content  owned by or in care, custody and control of the Insured. In case of mortgaged or pledged property financing bank can be appointed as beneficiary. 

Insurance coverage

This is “all risks” insurance, covering damages resulting from any sudden, accidental and unforeseen events within the policy period, except for the explicit exclusions specified in the policy terms and conditions. This type of insurance covers

  • the standard risks under fire and natural perils insurance policies, plus
  • damage restriction expenses, after an an insurance event, debris removal as well as cost for relocation, protection and storage of insured property.
  • the base coverage also includes glass breakage lost and damage up to a limit of 1000 BGN. 
  • the “earthquake” risk is optional.

The coverage is valid with respect to the address indicated in the policy.

Sum Insured

The basis of valuation are the actual, replacement or accounting value, whichever is chosen by the applicant.

Insurance premium

It is calculated on the basis of sum insured in correlation to covereage, business  type, security and protection measures and other rating factors. 

Subject of the insurance

This coverage can be placed only for content owned by or in care, custody and control of the Insured, which is covered by an existing FIre and natural perils policy with us.

Basic cover includes loss of property due to:

  • burglary under Art. 195, paragraph 1, item 3 of the Criminal Code and
  • additional damage (incl. damage to barriers, doors and locks) inflicted by the perpetrators during the breaking and entering.

Coverage extension - coverage may be extended to include:

  • theft with a technical device within the meaning of Art. 195, paragraph 1, item 4 of the Criminal Code and
  • robbery under Art. 198 of the Criminal Code.

The territorial scope is the address indicated in the policy

Sum Insured

The basis of valuation are actual, replacement or accounting values.

Insurance premium

It is calculated on the basis of the sum insured in correlation with business activity, security and protection measures and other rating factors.

What does this insurance cover?

Cash owned by or in care, custody and control of the Insured during its transportation from cash box to cash box. The product is intended to legal entities whose activity includes transportation of cash (banks, financial brokerage houses, exchange bureaus, collection companies).surance is subject to certain requirements for transport conditions depending on the single transit limit

Basic cover

It includes damages and losses of money as a result of robbery according to Art. 198 of the Criminal Code.

Coverage extension

The coverage may be extended to include damages due to robbery during acceptance, handover, transfer, loading or unloading in connection with the transport, and/or in case of fire in the vehicle as a result of a traffic accident by which the transport is performed.


Limits of liability

Limit of liability is set for a single transit and in aggregate for all transits during the policy period are agreed.

Insurance premium

It is calculated on the basis of the limits, experience, protection and security measures and other rating factors. 

Business interruption insurance is offered in two options:

  • Loss of income due to fire and allied perils
  • Loss of income as a result of machinery breakdown.

Loss of income due to fire and natural  perils

The coverage includes losses and/or expenses (decreased gross profit, fixed costs, etc.) as a direct result of complete or partial business interruption due to an insurance event affecting buildings or content with the exception of goods and finished products, which are coverd by our:

  • Fire and natural perils insurance policy
  •  Industrial fire policy or all risks industrial fire policy

for the period from the event to the elimination of its consequences, but not more than the maximum period of compensation as specified in the policy.

Additional costs

The coverage includes the extra costs* for the business activity of the insured exceeding the usual ones, including those related to:

  • exploitation (rent) of external equipment
  • application of procedures and methods different from the standard ones
  • hiring additional staff and / or
  • use of external services.

* The costs refer to the period from the event to the elimination of its consequences, but not more than the agreed maximum period of compensation.