Third-party civil liability insurance protects you if you are held liable for incidents that affect the property, integrity, or life of others. In such situations, where you can be legally liable, the insurance covers the financial compensation you would otherwise pay from your own budget.
The civil liability insurance for shipping companies is intended for:
Civil liability insurance is mandatory under the legislation governing road transport and related activities. This requirement comes from Emergency Ordinance no. 109/2005, issued by the Romanian Government, and Order 1987/18.11.2005, issued by the Ministry of Transport, Construction, and Tourism.
A civil liability insurance for the activity of brokering public road transport operations covers the liability of the insured towards clients/beneficiaries.
It covers damages caused to them as a result of acts or omissions committed through fault during and/or directly related to the brokering activity. Examples: errors, omissions, unintentional mistakes made.
The insured amount will be established in EURO. This will follow the provisions of the legislation in force regarding road transport activities and related activities.
The insurance premium is established depending on the insured amount and can be paid in full or in installments.
This type of policy can be concluded by any authorized legal entity. The entity must be certified to provide services and perform specialized work. The work can be carried out at the entity’s premises or at the client’s home.
These include: dry cleaners, watchmakers, cobblers, companies offering furniture assembly services.
Also, window, antenna, and TV cable installation, electronic or household appliance repairs, painting, and other interior decorations.
Gardening services are also included, and more.
Civil liability insurance covers the amounts of money the insured loses. It compensates for damages caused during the activity.
If one of the risks specified in the policy occurs and there is material damage (damage or destruction of goods), bodily injury, or death of a third party, the insurer will pay the amounts the insured owes to the harmed person or their heirs in case of death.
The insurance company will also cover the insured’s legal expenses if the court orders the insured to compensate. Additionally, the insurer will cover the legal expenses of the harmed third party if the court orders the insured to pay these expenses.
This policy only covers damages caused by the insured to a third party. It does not cover damages to the insured, their property, or their employees.
Insurance companies offer insurance packages for a complete risk coverage.
They also offer different supplementary clauses adapted to the insured’s requirements and business activities.
This civil liability insurance policy can be contracted by any individual or legal entity that holds the status of a producer.
It can be: the manufacturer of raw materials, components, or finished products, the person who, using their name or brand on a product, presents themselves as the producer.
The insurance also covers individuals who import products for the purpose of selling, renting, or distributing them in any other form, under the same conditions.
Authorized distributors of the product can also be covered by this policy to the extent that they intervene with the product in one of the mentioned forms.
In general, the insurance policy can include a wide range of products, excluding explosives, fireworks, volatile products, medicines, chemicals (paints, fertilizers, pesticides, etc.), weapons, ammunition, genetic materials, certain medical equipment, and implants.
The insurance company covers the financial losses the insured must bear if they cause damage and are required to repair it. For manufacturers, the coverage applies to damages resulting from the sale of goods that, through their use, can cause bodily injury, death, or material losses.
This insurance covers material losses following a civil lawsuit. Whether a company produces raw materials, finished products, food, or components, it may still place a contaminated or defective product on the market. Distributing such a product can result in a civil lawsuit with significant compensation amounts. In this case, the manufacturer’s liability, as well as the liability of the importer or distributor, is very high. The compensation amounts can halt the company’s progress or even lead to bankruptcy.
This insurance protects the insured against losses and expenses necessary for compensations caused by the employer’s negligence. It covers the material losses the employer incurs due to damages caused by their fault to employees working under an employment or apprenticeship contract.
The compensations cannot be higher than the insured amount or the value of the damage.
The insured amount may benefit the insured, the damaged employee with the insured’s consent, or, in the case of death, the legal heirs of the deceased person.
The insurance company usually determines the damage with the insured or their proxy. Depending on the situation, both parties may agree to consult experts, and in the case of death, they will consider the forensic expertise.
This civil liability insurance is intended for individuals or legal entities who own a building that they rent to others for housing, commercial space, office use, etc.
The rental contract defines the rights and status of the owner and tenant. As a result, the insurer will compensate the damages the owner causes to the tenant, who is considered the harmed party.
The damages the insured causes typically relate to the maintenance conditions of the rented space. These damages must occur within the validity limits of the rental contract and the insurance policy.
The insurer will grant the amounts that the insured must pay to the injured party, as a result of certain acts committed through his fault for the following:
Individuals or legal entities can purchase this type of policy as tenants. They have the right to temporarily use a building, or parts of the building based on a rental agreement with the property owner, in exchange for a sum of money specified in the contract.
The policy covers damages the tenant causes to the landlord under the rental contract and the validity of the insurance policy. It includes damages resulting from the tenant’s actions or those of others for whom the tenant is legally responsible. The policy also covers damages caused by animals and legal objects.
The policy covers the risks of material damages that the insured causes to third parties who are beneficiaries of the transport services provided.
ROTR insurance helps road transport operators obtain a transport license. According to current legal provisions, the transport operator must prove financial capacity of 9,000 euros for the first vehicle and 5,000 euros for each additional vehicle.
To better understand this type of insurance, please schedule an appointment with a Destine Broker consultant, here.
The ROTR insurance covers the liability of the insured for material damages caused to third parties. These third parties are the beneficiaries of the transport services provided by the insured.
It refers to the execution of road transport contracts. These contracts are concluded after the insured has gone through judicial liquidation procedures.
The insurance is valid if the debt to the harmed third party has not been settled. This applies if the insured’s financial capacity was depleted through payments to their debtors.
This professional civil liability insurance compensates damages mainly caused by negligence in the exercise of the profession. It covers practitioners...
Although RCA insurance is mandatory, not all insurance companies offer the same services. The consultants at DESTINE Broker can help...
Don't you have a home insurance that also includes civil liability? A family third party liability insurance is the ideal...
