Risk Assessment and Insurance

Analysis of the Existing Insurance Portfolio

• A basic review of individual portfolios insured within each insurance program, regarding the type of risk, class, size, and overall premium.
• Review of the general policy terms, conditions, and exclusions.
• Review of the trend in initial levels of policy surcharges/discounts across individual portfolios.
• Review and analysis of the reinsurance capacity purchased for individual portfolios and its impact on profitability and volatility.

Analysis of the operations and assets of your business

• We conduct a thorough analysis of the operations and assets of your business to offer the best insurance solutions.

Property Business Insurance

We take care of protecting your assets. For small and medium-sized business insurance, coverage can be selected from one of the pre-packaged grouped risks, as well as through the individual selection of separate risks. For industrial enterprises in high-risk areas of activity, as well as for large businesses, the covered risks are selected individually. Property business insurance covers:

• Real estate: commercial premises, warehouse, or manufacturing building
• Movable property: office and electronic equipment, furnishings, machines and equipment, inventory, advertising equipment, permanently attached to buildings

Financial Risks and Guarantees

Financial risks can be covered by various types of insurance products. We are committed to providing you with strong, sustainable capacity and continuity through both the ups and downs of economic cycles, leveraging our deep industry knowledge. We offer:

• Trade Credit Risk Insurance
• Investment Insurance
• Pre-export Credit Insurance
• Leasing Insurance
• Bond Guarantee
• Various Financial Losses

Liability Insurance

• General Liability Insurance: This helps cover claims related to your business causing bodily injury to another person or damage to their property.
• Professional Liability Insurance: This helps cover legal costs and judgments if a client sues your business for errors or omissions that occurred during your professional services. This coverage is also known as Errors and Omissions Insurance.
• Data Breach Insurance: This helps you respond to a data breach if personally identifiable information is stolen from your business. Some insurers may refer to this coverage as Cyber Liability Insurance.
• Commercial Umbrella Insurance: This helps cover costs that exceed the limits of your primary liability policy.
• Commercial Auto Insurance: This helps protect you and your employees on the road if you drive for work. It can help cover property damage and injuries to others if you cause an accident.

Health Insurance for Businesses

• Health insurance is an important decision for your business. When choosing a plan that meets the needs of your business and your employees, you should carefully consider the costs for you and your employees, as well as the covered health services.
• Our team of licensed insurance agents will consult you on health insurance products and services suitable for your business.
• Group Health Insurance Coverage: We help you choose a group health insurance plan, such as a plan purchased through the Small Business Health Options Program or otherwise from a private insurance company that provides coverage for eligible employees. Business owners can offer their employees one plan or a selection of plans to choose from.

Lawsuit Protection

Lawsuits can cost your business valuable time and money. Lawsuit protection is a business insurance service that safeguards your business operations. Lawsuit protection covers:

• Legal Defense Costs: This includes attorney fees and investigation expenses.
• Administrative Costs
• Settlement Costs: If both parties decide to settle the claim out of court, your lawsuit protection insurance will cover all settlement costs. When the process involves mediation, the policy will also cover these expenses.
• Coverage of Court Judgments: In case the claim goes to court and the jury awards compensation to the plaintiff, your insurance policy will cover all related expenses, including court fees.
• Expert Witness Compensation: If necessary, your insurer will hire impartial expert witnesses to provide testimony in court.

Construction and Erection Risks

Construction risk insurance covers construction projects against damages caused by covered risks. Construction and erection risk insurance provides a comprehensive solution for covering your company’s installation and construction projects, as well as the machinery, structures, raw materials, and materials necessary for these projects. It is suitable for companies involved in construction entrepreneurship or the installation of machinery and equipment. We provide assistance with insurances that cover:

• Contracted construction and erection works
• Materials
• Machinery and equipment
• Civil liability of the investor or contractor towards third parties for property and non-property damages

Agricultural Insurance

The insurance is intended for any individual, legal entity, or sole trader who owns crops and/or holds ownership rights over the land or has a contract under which they are a tenant, lessee, or user of the land. The insurance covers:

• Protection of plants and agricultural products
• Protection of agricultural income
• The insurance covers direct quantitative damages in the event of the following risks: hail, storm, heavy rain, fire, frost, floods, sleet, freezing, and drought.

Marine Insurance

• Our team has the expertise to assist any company engaged in maritime business by providing appropriate insurance, reinsurance, and claims assistance in all aspects of marine insurance.

Cargo CMR Insurance

• Cargo and CMR insurance is designed for companies engaged in import, export, and re-export, as well as companies involved in trade and distribution within Bulgaria. These insurances support commercial trade by protecting physical and legal entities who own cargo against risks such as loss or damage due to an insured event occurring during transportation to or from any point in the world or within the territory of the Republic of Bulgaria.

Electronic Insurance Policy Management System

• The integrated system provides a consolidated view of policy updates, the policy approval workflow, reviews, and communication. The insurance policy management system enhances service quality, efficiency, and accuracy while minimizing data complexity. The service enables you to access up-to-date documents, schedules, certificates, receipts, debit notes, wordings, and endorsements, all in one centralized location.