Professional Liability for Medical Personnel

What kind of insurance is this?

According to Article 189 of the Health Act, as of 01.01.2005 medical institutions are compulsorily required to insure the persons exercising the medical profession in the hospital for damages that may result from failure to conduct their professional duties.

The insurance can be conducted individually, as well as for group medical practices.

What is the duration and territorial scope of the insurance?

The insurance covers a period of 1 /one/ year at the territory of the Republic of Bulgaria.

What is the coverage of the insurance?

All amounts not exceeding the agreed limits of indemnity, for which the Insured person would be legally obliged to pay as indemnity for bodily injury (including permanent disability) or death, caused to patient(s) following the culpable neglect of professional duties, which is provided or should be provided by the Insured person and/or employees of his with the necessary qualifications.

All expenses for the settlement of claims incurred with the consent of the Insuring person, as the limits stipulated in the policy include the costs of settling claims.

What is this insurance amount?

The Tariff of the Insuring person provides for twenty-one levels of liability, distinguishined according to the specialty of the Insured person, which include single limit of BGN 1,000 to BGN 500,000 and aggregate limit within BGN 5,000 to BGN 1 million.

The Insuring person and the Insured person can negotiate deductibles ranging from BGN 100 to BGN 300 , depending on the chosen limit of liability.

What is the insurance premium and how is the insurance indemnity calculated?

The insurance premium is determined based on the chosen insurance sum and the practiced specialty. It generally ranges from BGN 30 to BGN 400. For group insurance, the Insuring person has established 10% to 20% discount.

The due indemnity under this insurance is determined based on the out of court agreement approved by the Insuring person between the Insured person and the injured person or, if an agreement can not be reached, on the basis of the approved by the Insuring person, court decision that has entered into force with which the expenses of the Insured person are indemnified in court proceedings.