Hotel and restaurant liability

Who is insured?
ANY PERSON engaged in touristic activities within their own or within a rented tourist site (owner, lessee, tenant). This includes hotels, motels, hostels, villa settlements, holiday homes, individual rooms, villas, houses, bungalows, camping areas, as well as restaurants, bars, discotheques, fast food restaurants, cafes.

What does the insurance cover?
THE INSURANCE COVERS DAMAGES inflicted by the insured party to third parties, within their own or within a rented tourist site. This refers to partial or total loss, or damage inflicted to property (not including vehicles), as well as death, physical harm and/or illness caused due to an accident or due to poisoning after the consumption of food and drinks presented by the insured party to his guests, clients or visitors, within the territory of the hotel or restaurant, in relation to the performance of the insured party’s activities. The coverage also includes expenses for civil proceedings against the insured party in connection with risks covered by the insurance, as well as costs incurred by the insured party in order to restrict damages caused by an insurance event.

ADDITIONAL COVERAGE may be negotiated for:Theft from a safe or from the guest’s rooms and damages inflicted to vehicles belonging to guests of the hotel or establishment, while the vehicles are located within the insured party’s parking or garages. THE INSURANCE DOES NOT COVER theft of the vehicle or its parts.

How is the insurance amount determined?
LIABILITY LIMITS ARE NEGOTIATED per harmed person, per insurance event and for all events during the insurance period in total – for main coverage.FOR ADDITIONAL COVERAGE, separate liability limits are negotiated as per the insurer’s tariff and in accordance with the site’s capacity and category.

How is the insurance premium determined?
IT DEPENDS ON THE ESTABLISHMENT’S TURNOVER, as well as on the limits negotiated with the insurer. In order to include specific risk circumstances when determining the insurance premium, it is also necessary to take into consideration the building’s floors and its fire safety condition.

Where does the insurance apply?
THE HOTEL AND RESTAURANT LIABILITY INSURACE only applies within the territory of the Republic of Bulgaria.