Phoenix insurance broker

Insurance Types

Financial Risk

This insurance is intended for all private and agricultural parties, involved in licensed mercantile activities

Aim of Financial Risk insurance – this policy covers the financial risk of the seller (distributor), the bank, the creditor or founder of a bank warrantee, leaseholder and lender from unpaid sums dictated by pre-arranged agreements between them and their clients, which can be private or business parties. The insurance company can present coverage for both specific agreements, as well as all agreements which the insured has made with their clients during the insured period.

Terms and conditions of insurance – insurance is purchased through a written application and the presentation of necessary documents, as follows:

For business applicants:
  • Court approved business registration (license);
  • BULSTAT registration;
  • Proof of the current status of the company
  • Copy of the document outlining the details of the agreement, including payment plan, declarations, etc.

All other applicants:
  • Personal identification – copy;
  • Birth certificate;
  • Mail address
  • Copy of the document outlining the details of the agreement, including payment plan, declarations, etc.


Insurance amount and coverage
The insurance amount is dependent on the amount and respective size of the due payments for a particular agreement. The insurance coverage for all events taking place during the insured period is equivalent to the actual value of the loss (unpaid dues), but not exceeding the insurance amount.