PERSONAL INSURANCES

A third party legal liability insurance is a form of liability insurance that covers real or legal persons against legal liabilities that arise due to claims for any bodily injury or material (property) damage caused to third parties by such real or legal persons and their employees.

An Employer?s Legal Liability Insurance Policy covers claims for damages incurred against an employer by the personnel employed under a contract of employment or registered with the Social Security Institution or by beneficiaries of such personnel, and claims for damages above and beyond benefits provided by the Social Security Institution, and claims for damages payable as a result of lawsuits filed for the recovery of loss, which are incurred as a result of workplace accidents in the course of their usual activity, as well as court expenses and attorney?s fees for which the employer is liable to pay in the aggregate, which will all be subject to insurance limits referred to in the policy.

• Occupational accidents occurring when workers are carried from/to the work place by a vehicle provided by the employer for a mass transportation
• Occupational accidents occurring when employees are not engaged in their main jobs while they are dispatched to another place on duty by the employer
• Occupational accidents occurring beyond borders of the Republic of Turkey,
• Claims for moral damages

This policy increases limits of the existing liability policies. Its difference from an excess policy is the option to be able to provide insurance with more distinctive and comprehensive conditions than those of your existing policies.

Producers (Manufacturers), Wholesalers, Distributors or Retailers are liable for personal injury or damage to property caused by a defective product used by a consumer as per national and international laws. The product liability insurance covers the legal liability arising from the personal (bodily) injury and damage to property suffered by a third party due to a defective product.

Subject to limits set forth in the policy, this insurance contract shall provide insurance for claims, litigation costs related thereto, interests thereof or reasonable costs claimed against the insured during the contract term for losses which may be inflicted by self-employed physicians or physicians employed by public or private medical institutions and organizations, dentists, and other professionals deemed as specialists as per regulations concerning Specialty in Medicine, whilst performing their professional activities set out in the policy, as per the additional Article 12 of the Law No. 1219, during the decennial period prior to the contract term or during the contract term.

Elements of cover

The following table shows the maximum indemnity limit per each occurrence in respect of the Compulsory Liability Insurance for Medical Malpractice: In any case, the indemnity payable under the contract cannot exceed TRY 1,800,000.

This insurance can be purchased to indemnify the Insured in respect of any negligent act, error or omission arising out of business activities. The professional indemnity insurance applicable at this point is a form of insurance that provides protection for statutory damages that the insured will have to pay after such acts.

Such insurance requested from contractors by the Employer and legally obligated in France or similar jurisdictions indemnifies the insured for expenses incurred as a result of the total or partial collapse of a building. The policy covers risks occurring in 10 years following the completion of construction.

The majority of costs in an environmental pollution loss in many cases are spent for the cleaning of the area where such a pollution event occurs.

The scope of insurance provided under fire and other liability insurance policies offers limited protection for handling possible effects of an environmental incident.

AB Broker renders services by offering three options of extended coverage to companies for such limited and incomplete forms of insurance.

• Liability retained by the Insured
• Biological diversity loss
• Third party legal liability

Compulsory Third Party Liability Insurance for Hazardous Materials, Hazardous Wastes and Bottled (Liquefied Petroleum) Gas Insurance provides protection for the bodily injury and property damage that third parties can sustain in consequence of accidents occurring during the performance of professional facilities of legal and natural persons engaged in the collection, carriage, temporary and interim storage, recovery, recycling, and disposal of hazardous wastes as stipulated under the Law on Environment 2872, and also accidents that companies engaged in the filling of liquefied petroleum gas may cause by explosion, gas leakage or fire outbreak at places where tubes are maintained.

Compulsory Third Party Liability Insurance for Hazardous Materials, Hazardous Wastes and Bottled (Liquefied Petroleum) Gas Insurance provides protection for the bodily injury and property damage that third parties can sustain in consequence of accidents occurring during the performance of professional facilities of legal and natural persons engaged in the collection, carriage, temporary and interim storage, recovery, recycling, and disposal of hazardous wastes as stipulated under the Law on Environment 2872, and also accidents that companies engaged in the filling of liquefied petroleum gas may cause by explosion, gas leakage or fire outbreak at places where tubes are maintained.

J.     Kidnap and Ransom Insurance

AB Broker does not only provide protection for their clients against the material damage under a Kidnap and Ransom Insurance Policy, but also ensures that their clients can gain access to services rendered by the leading crisis management and security companies of the world.

Definition of the Insured Event

Kidnap: The seizure and holding of an insured person for the purpose of demanding a ransom

Extortion: Demands for ransoms coupled with the threat to kill or injure persons, damage property, contaminate products, disclose commercial secrets or private information or to destroy data by means of computer viruses  

Deprivation of freedom: The illegal detention of a person or the deprivation of their personal freedom by a government or rebel groups

Hijacking: The illegal deprivation of personal freedom by recourse to a means of transport (aircraft, motor vehicle, ship or train).

• Elements of cover
• Ransom and extorted money
• Loss on the handing over of the ransom
• Legal defence costs and compensation
• Advice costs
• Travel costs, salaries, medical and in-patient care costs, expert assessors, interpreters, increased security and surveillance costs
• Business interruption costs
• Death or disability