General Liability Insurance for Individuals and Companies

• The policy does not cover damage caused intentionally, through fraud or offences, nor faults known before the insurance began. Excluded are claims from employees or persons in a contractual relationship with you (unless otherwise agreed), liability voluntarily assumed under contracts, and activities not stated in the policy or carried out without the necessary authorisations.

• Moral damages, pure financial losses, lost profit, fines and penalties, property in your care or custody, cash, securities and works of art are not compensated. War, terrorism, nuclear energy, pollution and cyber risks are also not covered. The full list is in the insurance terms.

• Coverage is valid only for the activity, risks, territory, limits and period indicated in the policy/contract.
• The deductible indicated in the policy applies: as a rule 10% of the damage caused, but not less than the minimum amount set for each case.
• The total liability limit is reduced by the compensation paid; if several persons are affected by the same incident, the payment is distributed proportionally within the available amount.
• Compensation is granted only if the damage is real, documented and causally linked to the Insured’s act, and the fault is confirmed by final documents from the competent authorities.
• Professional liability, product liability, employer’s liability and other special covers are included only if expressly provided for in the policy.
• There is no coverage for events occurring outside the insurance period, during suspension or where the premium has not been paid by the set deadlines.

• On the territory of the Republic of Moldova, according to the insurance policy, if this is the territory stated in the contractual documents.
• Only in the geographical area mentioned in the policy/contract and only for the activities carried out by the Insured within this territory.
• Incidents occurring outside the indicated territory are not covered, with the exceptions expressly provided for in the contract/terms.

• When taking out the policy: complete the Application-questionnaire correctly and fully, and declare the activity, the specific risks, the claims history, other insurance policies and all circumstances that may affect the risk.
• During the contract: inform the Insurer in writing, as soon as possible but no later than 48 hours, of changes in the risk, the activity, the locations, the declared data or the protection measures.
• Comply with the legislation, the rules applicable to the activity and the Insurer’s recommendations, and take reasonable measures to prevent or limit damage.
• In the event of an incident: immediately notify the competent authorities and request documents on the causes, circumstances, damage and persons at fault.
• Notify the Insurer in writing as soon as possible, but no later than 48 hours from the occurrence of the event or from becoming aware of it; indicate the date, place, description, injured persons and nature of the damage.
• Preserve the state of affairs, limit the spread of the damage, provide all documents/evidence and allow the Insurer’s investigations.
• Notify within 5 working days any claim, request for compensation or court action, and do not admit liability/make payments without the Insurer’s written consent.

The insurance premium depends on the activity carried out, the specific risks, the claims history, the chosen sum insured, the territory and the contract period. For an exact calculation, request a quote online — General Asigurări specialists will follow up with a proposal for your situation.

• The contract is concluded, as a rule, for 12 months and takes effect according to the period indicated in the policy/contract.
• The contract comes into force on the date of signing, and insurance protection starts no earlier than 24:00 on the day the premium or the first instalment is received by the Insurer and not before the date indicated in the policy.
• If the premium is not paid on time, protection does not come into force or is suspended according to the notification and the additional time limits provided for in the contract.
• Coverage ends at 24:00 on the end date stated in the policy or early, including through payment of compensation up to the total limit, termination, cessation of the Insured’s activity or nullity of the contract.

The contract may be terminated by a written notice/declaration sent to the other party at least 30 days before the termination date. In the event of late payment of the premium or of an instalment, the Insurer may terminate the contract after demanding payment of the overdue amount, indicating the amount due and granting the additional time limit provided for in the contract. The premium for the unused period is refunded in accordance with the contractual conditions applicable to the reason for termination.