Professional рesponsibility
Professional Liability of Participants in Design and Construction
Object of insurance:
The insurance is mandatory and is concluded in accordance with the requirements of the Law on Territorial Planning (LTP) and the Ordinance on the Terms and Conditions for Mandatory Insurance in Design and Construction.
Compulsory insurance according to Art. 171 paragraph 1 of the LTP are subject to all persons engaged in design, consulting, construction, construction supervision and technical control.
Insurance coverage:
Clause A - under Art. 171 of the LTP - the Insured's liability is covered for all sites where he exercised his activity under the ZUT;
Clause B - under Art. 173, para. 1 of the LTP – the Insured's liability for one specific object is covered.
The Insurer's liability for all written claims made during the insurance period may not exceed the agreed general limit of liability for the relevant activity, which, in the case of selected coverage under clause A, may not be less than the minimum insurance sums specified in Art. 5 of the Ordinance on the terms and conditions for mandatory insurance in design and construction for the various categories of construction for each of the activities.
IJSC "Armeec" insures the insured's professional liability in relation to:
All sums, not exceeding the agreed limits of compensation, which the insured is legally obliged to pay as compensation for damages caused to other participants in the design and construction or to third parties, as a result of negligence, errors or omissions in the performance of his professional duties according to the current regulations;
Damages are established on the basis of claims submitted for the first time in writing during the insurance period, provided that both the culpable illegal actions/omissions in the performance of professional duties and the damages that occurred in a direct causal relationship with them, on the basis of which the claims are based claims occurred after the start date of the insurance or after the retroactive date entered in the policy (if such has been agreed);
All expenses for the settlement of claims and claims made with the consent of the insurer, and the limits stipulated in the policy include the expenses for the settlement of claims.
Insurance compensation is paid after presenting a written claim on the basis of an out-of-court agreement between the parties to the insurance contract and the injured third party, or, if such a claim is not reached, on the basis of an effective court decision.
Benefits of taking out insurance with us:
Competitive insurance premiums;
A team of professionals at your disposal;
Facilitated administration of insurance services and a personal approach to each client;
Excellent insurance protection.
Where can you take out insurance?
You can take out "Professional Liability of Participants in Design and Construction" insurance at all our offices (link to contacts), as well as at insurance intermediaries who are our partners.
