All types of third party liability insurance

    General liability insurance covers damage by the insured person by their action or inaction on the contrary can be caused by third parties to property or health. When the procedure prescribed by law the insured is obliged to pay damages to third parties.

    There are several types of liability insurance, which is divided into mandatory and in ways that are not mandatory.

 

 

 

 

Type of Insurance

 

Ththe minimum liability limit

 

The minimum liability limit of one instance

 

Minimum deductible

 

1.

PPublic Liability Insurance (06/01/1993. Law Notary Law, Cabinet Regulation 227, effective 4/9/2005.)

 

Of Notaries individual insurance contract is the 50000th lats. Of Notaries group insurance contract is 500,000 lats

 

No limit

 

0

2.

Sworn bailiff liability insurance (10/24/2002. Law Bailiff Law, Cabinet Regulation No. 238, effective 4/9/2005.)

 

Bailiff individual insurance contract is the 30000th lats. Bailiff group insurance contract is the 500000th LVL

 

No limit

 

0

Bailiff Law 37th Article. (1) The insurance contract may not provide the same risk of a bailiff.

 

3.

With civil aviation activities related to compulsory insurance

 

No limit

 

No limit

 

No limit

 

4.

Insolvency administrators Liability Insurance (18.12.2007. Cabinet Regulation Nr.909 "Regulations on the insolvency administrator's liability insurance policy and the minimum cover", in force since 01.01.2008.)

 

5000 lats a legal person in the insolvency proceedings the creditors' meeting has the right to determine other insured amount but not more than 10 percent of the debtor's total assets, as shown at a creditors meeting approved the balance sheet.

 

5000 lats a legal person in the insolvency proceedings the creditors' meeting has the right to determine other insured amount but not more than 10 percent of the debtor's total assets, as shown at a creditors meeting approved the balance sheet.

Klausīties

Lasīt latīņu burtiem

 

500 lats

5.

Competent institutions and specialists working in defense matters of civil liability insurance (Cabinet Regulation Nr.723 "Regulations on the requirements for competent authorities and competent specialists in occupational health and safety issues and procedures for assessment of competence", in force since 01.01.2009.)

 

Officer - 10000 LVL

Institution of 20,000 lats

 

Officer - 10000 LVL

Institution of 20,000 lats

 

No Limit

6.

Cash register and cash register systems support service indemnity insurance (the Cabinet of Ministers Nr.282 "duties and other electronic recording equipment and procedures for using, in effect as of 06.05.2007.)

 

20 000 lats

No limit

No limit

7.

The investigator and sponsor liability insurance through clinical trial (the Cabinet of Ministers Nr.172 "Regulations on the clinical trial and use in making observations, the study drug angling and procedures for the assessment of compliance with good clinical practice".)

 

No limit

No limit

No limit

8.

Medical practice liability insurance (24/04/1997. Law on practitioners' Cabinet Regulation No. 177, power to 15/05/1998.)

 

1000 lats

No limit

No limit

9.

Cargo owners, which supplies the transport of dangerous goods in Latvian territory, third party liability insurance

 

No limit

No limit

No limit

10.

Latvian foreign ship owner and the owner of a vessel is used in LR area and can carry more than 2,000 tonnes of oil, the mandatory liability insurance (29/05/2003. Law of the Sea Code)

 

No limit

No limit

No limit

11.

Ship agent's professional indemnity insurance (05/29/2003. Law of the Sea Code

 

No limit

No limit

No limit

12.

Surveyors and ģeodezistu professional indemnity insurance (09/14/2006. Law Land Survey Act, 01.12.2005. Law on State Real Estate Cadastre "; Cabinet Regulation No. 734, in effect as of 11/03/2007.)

 

A particular object - 100% of the contract (s) of the amount.

Year for all land use or land cadastral survey works - 10000 LVL

 

No limit

No limit

13.

Sworn auditor - a self-employed or individual entrepreneurs and sworn auditor commercial liability insurance (3.5.2001. Law on Certified Auditors; Cabinet Regulation No. 547, in effect as of 01.01.2002.)

 

Sworn auditor - a self-employed individual merchant or the minimum threshold is 30,000 lats.

Sworn auditor commercial minimum threshold of 100000 lats.

 

No limit

No limit

14.

Credit Institutions administrator liability insurance (05/10/1995. Law on Credit Institutions Act, Cabinet Regulation No. 443, power to 11/28/1998.)

 

1 (one) percent of the credit assets (property) real (market) value. If the bank assets of the real market value of less than 100 000 lats, the minimum limit is 1,000 lats.

 

No limit

No limit

15.

Tourist money paid security guarantee (09/17/1998. Law Tourism Law ", Cabinet Regulations No.67, effective 27.01.2007.)

 

8 (eight) percent of next year's scheduled services turnover (not less than 75% from the previous year's turnover), but not less than 20 000 lats

 

No limit

No limit

16.

Guard operator's liability insurance (11.05.2006. Law Security Guard Activities Act, No. MK. 66 with effect 31.01.2009.)

 

10% of the security operator's annual turnover, but not less than 100 000 lats per year. Theft and burglary liability limit for a period not exceed 25% of the total amount of liability.

 

Theft of the liability limit on the period can not exceed 25% of the total amount of liability.

 

1000 lats

17.

Hydroelectric power of hydraulic structures possessor compulsory third party liability (12.07.2000. Law on hydroelectric power of hydraulic structures safety "Cabinet Regulation No. 319, in effect as of 01.06.2006.)

 

A class of hydraulic structures possessor liability limit of 500,000 lats

B-class hydraulic structure possessor liability limit of 50,000 lats

 

A class of hydraulic structures possessor liability limit of one case in 500,000 lats

B-class hydraulic structure possessor liability limit of one case in 50,000 lats.

 

No limit

18.

Public event organizer's liability compulsory insurance (16.06.2005. law "public entertainment and special events security law", the Cabinet Regulations. 298, the 05/12/2007.)

 

Case, if the planned number of participants and visitors is up to 100 people - 2000 lats.

Case, if the planned number of participants and visitors are from 101 to 1000 people - 7500 lats.

If the measure of time planned to use the source of increased danger or pyrotechnics - the limit of liability twice.

On a number of measures the minimum insurance liability lmits 30000 lats and only one case, see. Table

 

Case, if the planned number of participants and visitors is up to 100 people - 2000 lats.

Case, if the planned number of participants and visitors are from 101 to 1000 people-10000lati.

If during the event to be used for source of increased danger or pyrotechnics - the liability limit of one instance is twice the size.

 

No limit

19.

Insurance and reinsurance intermediary liability insurance (03/17/2005. Law Insurance and Reinsurance Intermediaries Act)

 

1500000 EUR

1000000 EUR

10,000 euros in case of the Financial and Capital Market Commission

 

20.

Radioactive source operator liability insurance (26/10/2000. Law on Radiation Protection and Nuclear Safety, Cabinet Regulation No 294, effective 7/7/2001.)

 

In handling the nuclear facilities - 4000000 Ls per year.

By taking action with other public interest sources of ionizing radiation - 800 000 Ls per year.

In handling the high power sources of ionizing radiation, which kpējā radioactivity is 106-109 times higher than the limits set by the Cabinet -400 000 lats per year. In handling the medium-power sources of ionizing radiation, the total radioactivity is 103-106 times higher than the limits set out in Cabinet - 80 000 lats per year. By taking action with other sources of ionizing radiation, the total radioactivity of not more than 103 times the limits set by the Cabinet - 1000 lats per year.

 

No limit

No limit