Voluntary Third-Party CTPL Insurance

With liability insurance, you can compensate for damage that you have caused to someone. Damage in this case is harm to health, life, movable or immovable property (meaning if you broke something, flooded something, damaged something, or someone suffered from your unintentional actions – the list of situations is not limited).

There are two main categories of liability insurance:

• liability for causing harm – this type of insurance is needed for people who are afraid of causing the very damage from the definition above through their careless actions;
• liability for improper performance of a contract – this type of insurance is used in business in similar cases.