Phoenix insurance broker

Insurance Types

Professional Liability Insurance

Tour-Operator Liability
This insurance is developed in compliance with tourism laws and fulfills requirements for mandatory insurance, covering the responsibilities of a Tour-Operator.
This policy covers damage to personal property resulting from services provided by the Tour-Operator and non-payment with contracting parties and suppliers, including the inability for payment or in the case of bankruptcy.
The policy is made in accordance with a declaration from the Tour-Operator, stating annual revenue or a business plan for the current or upcoming year.
For an additional premium fee, we can provide coverage for fees related to litigation and/or expenses incurred by the Tour-Operator in pursuit of legal defense.

Attorney Liability
Basic coverage: compensation is provided for attorney’s fees, junior attorney’s fees, and law firm fees for claims filed against the insured for property damage which is a direct, first-hand result of culpable non-fulfillment of professional duties, regulated by the Law of the Bar, the Code of Ethics, and the ruling of Supreme Attorney Council as well as the obligations of the partners within the law firm being contracted.

Additional coverage: for an additional premium fee, as specified by the policy, coverage will be provided for all fees and expenses arising from the investigation, the defense or negotiations for settlement of the dispute as well as associated court fees.

Insurance amount:
The insurance amount (the limit of amount of coverage) is determined for a single insurance claim as well as by consideration of the aggregate allowable limits of responsibility, for all insurance claims filed for the duration of coverage under the insurance policy. The minimum insurance amount for which the insurance policy is offered and which is required by the Supreme Attorney Council is 20 000 (twenty-thousand) Bulgarian levs.
The insurance amount of additional coverage purchased cannot exceed 10% of the limit of responsibility in aggregate of the basic coverage policy.
The insurance amount for law firm associates fees is within the frame of the agreed upon insurance amount for the attorney/junior attorney within the policy.

Insurance premium:
The insurance premium amount is determined as a percentage of the insurance amount selected and with regard to:
  • The applicable aspects of the legal proceedings/actions taken by the attorney (notarial transactions, civil litigation, commercial litigation, penal litigation, legal analysis, legal consultations, and others)
  • Length of experience of the attorney/junior attorney in the practice of law

Responsibility of the notary:
This insurance provides financial compensation for property damage, which is a direct first-hand result of culpable non-fulfillment of professional duties of the notary.
The notary is also covered from damages done by the following:
  • Assistant notary
  • Externship notary
  • Employees of the notary firm,

carried out within the frame of their duties under of direction/instruction of the notary. The insurance amount (the limit of amount of coverage) is determined for a single insurance claim as well as by consideration of the aggregate allowable limits of responsibility, for all insurance claims filed for the duration of coverage under the insurance policy.
For an additional premium fee, coverage will be provided for all fees and expenses arising from legal claims and attorney services requested by the notary.

Responsibility of the expert-clerk
Coverage is included for the following property damages:
  • Damages caused by the insured to his clients, which are a direct first-hand result of culpable non-fulfillment of professional duties of the clerk.
  • Fees and expenses resultant from the decisions of the insured affecting the investigation, defense or claims of all policy inclusive preference, up to the previously set limit.

The insurance amount (the limit of amount of coverage) is determined for a single insurance claim as well as by consideration of the aggregate allowable limits of responsibility, for all insurance claims filed for the duration of coverage under the insurance policy.

Additional coverage offered:
extending to legal fees or attorney expenses;
for all amounts, which the insured is obligated to pay resulting from court decisions regarding damages resulting from the insured’s actions within the lines of his duty, such as:
  • Liquidator
  • Assignee in bankruptcy, manager
  • Questor/teller

Responsibility of doctors and medical personal
Compensation is provided for doctors and medical personnel for all amounts which the insured are obligated to pay in the result of a court decision or a negotiation regarding damages sustained by third persons resulting from doctors mistakesA (culpable non-fulfillment of professional duties, including medical mistakes or carelessness).
The insurance amount (the limit of amount of coverage) is determined for a single insurance claim as well as by consideration of the aggregate allowable limits of responsibility, for all insurance claims filed for the duration of coverage under the insurance policy.
For an additional premium fee, coverage will be provided for all fees and expenses arising from attorney services for the defense of the insured, in the case of legal proceedings against the insured.

Responsibility towards third parties
This policy covers your liability, as well as the liability of your employees, for property and non-property damages towards third parties, resulting from actions which fall the line of work the company.
The policy covers damages sustained by third parties in the form of:
  • Lasting loss of labor or death;
  • Loss or damage to property;
  • The insurance company pays court appointed fees from the related trials;
  • Citizen’s liability when using firearms;

This insurance is mandatory in accordance with the Law of control of explosives, firearms and ammunition for all employees of businesses and private parties for security purposes involving firearms;
The insurance company takes the responsibility of reimbursing property or non-property damages sustained by third persons, in relation to the use of firearms for lawful activities.

The policy is also offered in regards to:
  • Business employees using firearms for security purposes in private or rented properties;
  • Persons using firearms for personal protection;
  • Persons or business employees using firearms for hunting, cultural or sports purposes.


Manufacturer’s liability
Compensation is provided for all manufacturer or seller’s expenses resulting from damages sustained by the users caused by manufactured or sold products. This policy cannot guarantee the quality of your product, however reimburses you for the expenses relating to damages sustained by users resulting from defective merchandise. The policy also covers the expenses associated with the disposal, repair, modification or exchange of the product.