What does professional civil liability cover?
Professional civil liability covers financial damages caused to other persons following errors, omissions, or professional negligence produced ...
Why do coverage options differ from one insurer to another?
Each insurer has its own packages, limits, and insurance conditions. Some include only standard coverages, while others offer protections ...
Why is the business activity domain important?
Risks vary depending on the activity carried out. For example, a restaurant has different needs compared to a store, a car service, or a building of ...
What documents are required for issuing an SME policy?
Generally, the following are required: company data (CUI) insured space address list of goods and their value In certain cases, the insurer may also request ...
If I carry out my activity in a rented space, can only the goods be insured?
Yes. You can insure your own goods and equipment from the rented space. If necessary, you can also add the tenant's liability clause towards the landlord, ...
What does interruption of activity mean?
This is the coverage that helps you reduce the financial impact when the business activity is temporarily affected by an insured event, such as a ...
Is it possible to conclude an SME policy for a building that is partially intended for commercial activities? Is a PAD also needed?
Yes. The SME policy can cover the part intended for commercial activities. The area used as a dwelling must, however, be mandatorily insured through PAD, according to ...
Who must conclude the PAD policy?
PAD is mandatory for homeowners in Romania, whether natural or legal persons, and represents the first step for protecting your house ...
What constructions fall under the scope of PAD?
PAD ends for completed and fiscally registered dwellings, intended for permanent or temporary residence. Annexes, dependencies that are not connected ...
How much does the PAD policy cost?
The cost of the PAD policy is established by law and depends on the type of construction: 130 lei/year for Type A dwellings (constructions that have the structure of ...
What happens if I don't have PAD?
The absence of the PAD policy may attract sanctions in accordance with the legislation in force, with fines between 100 and 500 lei. In addition, the dwelling remains uncovered for ...
Is it mandatory to have PAD in order to conclude a voluntary insurance?
Yes. Voluntary insurance can be issued only if the dwelling has a valid PAD policy or it is concluded simultaneously.
