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Professional Indemnity of Notaries Public

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Professional Indemnity of Notaries Public

This insurance is compulsory under Bulgarian legislation – under the Notaries and Notary Activities Act.

The insurance covers the sum which the Policyholder in their capacity of a certified notary public is liable to pay in connection to insured events resulting from culpable neglect of their professional duties.

The insurance protection includes the personnel at the notary public’s office, which must be pointed out at the signing of the insurance policy. What are also covered are expenses for legal defense of the Policyholder, made with the consent of the Insurer, as well as the fees and legal expenses related to the claim.

The cover under this policy is on the basis “liability for claims laid within the period of the insurance policy”. 

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