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Professional Indemnity of Qualified Persons Working on the Cadastre

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Professional Indemnity of Qualified Persons Working on the Cadastre

The insurance is compulsory under Bulgarian legislation – under the Cadastre and Property Register Act, Art.20, Par.3.

The Insurer indemnifies the Policyholder for:

  • the sums which the latter, in their capacity of a certified person executing an activity on the cadastre, is liable to pay to third parties for caused material damages (art.20(3) of the Cadastre and Property Register Act), caused during the period of the insurance policy (cover on the basis of an insured event);
  • the sums which the Policyholder is liable to pay for material damages caused by persons working under their management or on their behalf, while executing any activities or function stipulated in the policy;
  • expenses related to claims under the abovementioned points, incurred with the prior consent of the Insurer.

The minimal liability limits under the policy cannot be less than the limits set by law.

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