Third party liability insurance

There are cases in which we are liable for possible accidents or damages caused to persons with whom we have a contractual relation or not, being bound to compensate the damages incurred. This is why we offer you third party liability insurance through which you benefit of the amounts necessary to settle such cases.

1. General Third-Party Liability

Covers within the limits of the liabilities stated in the insurance policy.

• The amounts the Insured is obliged to pay as compensation and legal expenses with respect to any damages inflicted upon third parties by way of bodily harm or death, or the damaging or destruction of properties owned by third parties as arising from an event caused by and ascribable to the Insured;
• The expenses incurred by the Insured in the civil case;
• The expenses incurred by the salvage and minimization of damages inflicted upon the properties owned by third parties reasonably incurred by the Insured, that would have entailed greater third-party liabilities if not having been incurred, by enlarging the damages inflicted upon third parties.

Territorial Limits: (according to the Insured’s request):

• validity only for the address indicated in the insurance policy;
• validity only for the addresses indicated in the insurance policy;
• validity only on Romanian territory.

Limits of Liability: Are set up based on the required amounts presented by the Insured in the proposal form and agreed by GARANTA ASIGURARI.

2. Tenant’s Liability

Covers within the limits of the liabilities stated in the insurance policy.

• The amounts the Insured is obliged to pay as compensation and legal expenses with respect to the damages ascribable to himself inflicted upon the owner of the properties being used by the Insurer, by way of bodily harm or damage or destruction of the leased properties, arising from the committing by the Insured of specific acts in breach of his obligations hereunder;
• The expenses incurred by the Insured in the civil case, if ordered to pay compensation (including when the initiated prosecution is no longer subjected to adjudication, and the civil action remains to the competence of the criminal court).

Territorial Limits: The policy is valid only for the address where the property subject to the lease is located and which is stated in the insurance policy.

Limits of Liability: Are set up based on the required amounts presented by the Insured in the proposal form and agreed by GARANTA ASIGURARI.

3. Third Party Liability Insurance of the owner to tenants

Covers within the limits of the liabilities stated in the insurance policy:

• He amounts the Insured is obliged to pay as compensation and legal expenses with respect to the damages inflicted by him to the persons acquiring the right to use a property under a lease agreement, by way of bodily harm or damage or destruction of the tenant’s properties, arising from the committing by the Insured of specific acts in breach of his obligations hereunder;
• The expenses incurred by the Insured in the civil case, if ordered to pay compensation (including when the initiated prosecution is no longer subjected to adjudication, and the civil action remains to the competence of the criminal court).

Territorial Limits: The policy is valid only for the address where the property subject to the lease is located and which is stated in the insurance policy. 

Limits of Liability: Are set up based on the required amounts presented by the Insured in the proposal form and agreed by GARANTA ASIGURARI. 

4. Employer’s Liability

Covers within the limits of the liabilities stated in the insurance policy:

• any amounts the Insured must pay as damage and legal expenses, following acts that are attributable to his fault (neglect, imprudence or omission), with respect to the damages caused to any of his employees by way of bodily injury or death, or damage or destruction of properties belonging to the same;
• any expenses incurred by the Insured during the civil suit, if the Insured is obliged to pay damages;
• any damages caused following the Insured’s fault as a result of any loss, destruction or deterioration of the original documents of any of his employees that were filed with the Employers’ competent departments (labor records, diplomas, medical certificates, leaves, birth certificates, ID cards, contracts etc.)
• any expenses incurred by the Insured to restore, re-make or replace any lost, destroyed or deteriorated documents, subject to the Insurer’s prior written consent on the amount of such expenses.

Territorial Limits: The policy is valid only in Romania. 

Limits of Liability: Are set up based on the required amounts presented by the Insured in the proposal form and agreed by GARANTA ASIGURARI.