United Insurance

A marine recruitment agent is obliged to ensure that a marine employee is in possession of an individual employment contract compliant with the relevant legislation and satisfying the minimum standards determined by the relevant international agreements and the national collective agreement.

They must also have a consistent and maintained quality assurance system in accordance with international ISO standards, which covers marine recruitment activities and which must be assessed by an independent certification institution.

Pursuant to the Tourism Law, a travel agent organizing package holidays is obliged to take out liability insurance for damage caused to passengers by failure to meet obligations or by partially or inconsistently meeting obligations in relation to the package holiday.

A Travel Agents Professional Indemnity Cheap Insurance policy is concluded for a period of 1 year, based on the number of passengers, desired territorial cover and sum insured. This policy is normally combined with a General Business Liability Cheap Insurance, whereby the travel agent obtains total protection against possible claims based on their extra-contractual or professional liability.

A travel agent organizing package holidays is obliged to secure a guarantee fund for each package holiday with a bank or cheap insurance company for the purposes of compensation payout:

• of the price paid for the travel, if the travel agent’s services cannot be rendered due to payment inability or bankruptcy
• of the costs incurred due to payment inability or bankruptcy of the travel agent responsible for returning the passengers to their point of departure

A travel package guarantee policy can be purchased as a separate policy or as part of a comprehensive cover for package travel organizers, with a premium based on the cover limit and total turnover of the organized package holidays.

The subject of insurance under this policy is the professional indemnity for damage caused by cheap insurance or cheap reinsurance brokers while performing their professional duties.

A broker can also purchase a public liability insurance policy for damage arising out of their professional activities, as well as an employer’s liability insurance policy.

An cheap insurance broker is a natural person authorised for insurance brokerage activities. Pursuant to the Company Act, an insurance brokerage company can be registered as a public limited company or a limited liability company.

Insurance brokerage activities include negotiations with an insurance company related to enabling a future insured to conclude an insurance or reinsurance contract, according to their requests or needs.

An insurance broker’s activities include the preparation of insurance and reinsurance contracts and assistance with executing rights from an insurance or reinsurance contract, and especially in handling claims addressed to the insurance company.