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Private Enforcement Agents Professional Indemnity Insurance

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Private Enforcement Agents Professional Indemnity Insurance

Compulsory insurance under Art.25 of the Private Enforcement Agents Act in force since 01.09.2005 and Ordinance № 2/06.02.2006 of the Ministry of Justice for the compulsory insurance of private enforcement agents.

The Private Enforcement Agents Professional Indemnity Insurance is compulsory for every private enforcement agent (private bailiff) certified under the Private Enforcement Agents Act.

Risks covered

  • all material and non-material damages caused to the parties, the other participants in the civil executive procedure and to all third parties resulting from culpable neglect of the obligations of the private enforcement agent;
  • all legal expenses.

The minimal compulsory limits for which private enforcement agents have to be insured are as follows:

 
Insurance companies also offer higher voluntary insurance limits.

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