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1. What is it?

Third Party Liability Insurance provides financial protection if you cause property damage or bodily damage to third parties due to negligence or accident, and you have to pay compensation. This insurance protects your personal or business financial resources by covering costs related to unintentional damages to others. It can cover damages caused by you, your family members, pets, or others under your care.

2. What Does It Cover?
  • Property Damage: Covers costs for damages to other people’s belongings or property, either accidentally or due to negligence.
  • Bodily Injury: Provides compensation for bodily injuries suffered by third parties as a result of your actions, including medical expenses and moral damages.
  • Legal Expenses: Covers legal costs, including attorney fees and court fees, if you are sued for damages caused.
  • Family Liability: Protects against damages caused by your spouse, children, pets, or others under your care.
  • Property Owner Liability: Provides protection for damages caused by a property owner to tenants.
  • Tenant Liability: Covers damages to rented property caused by tenants, thereby protecting the contractual relationship with the property owner.

3. How to Obtain It?
  • Risk Assessment: Identify potential risks and situations where you might be liable for damages to other people or property.
  • Consult an Insurer: Contact an insurance broker or consultant to discuss your specific needs and receive a personalized quote.
  • Choose the Policy: Select the type of insurance that best covers the identified risks, including any additional coverage for special situations, such as property owner or tenant liability.
  • Issue the Policy: Once you agree on the details, the policy will be issued, providing you with necessary protection against potential costly claims.

4. Useful Tips
  • Customize Your Policy: Tailor the policy to include specific coverages, such as property owner liability towards tenants or tenant liability towards property owners, based on your needs.
  • Extended Coverage: Ensure your policy covers all relevant individuals in your household, including family members, pets, and people under your care.
  • Periodic Review: Regularly review your policy to ensure the coverage remains adequate and reflects your current risk exposure.
  • Include Legal Expenses: Make sure your policy includes coverage for legal expenses, which can be significant in complex disputes.
  • Professional Advice: Work with an insurance consultant to understand all available options and make the best choices based on your specific risks.

1. What is it?

Third Party Liability Insurance provides financial protection if you cause property damage or bodily damage to third parties due to negligence or accident, and you have to pay compensation. This insurance protects your personal or business financial resources by covering costs related to unintentional damages to others. It can cover damages caused by you, your family members, pets, or others under your care.

2. What does It cover?
  • Property Damage: Covers costs for damages to other people’s belongings or property, either accidentally or due to negligence.
  • Bodily Injury: Provides compensation for bodily injuries suffered by third parties as a result of your actions, including medical expenses and moral damages.
  • Legal Expenses: Covers legal costs, including attorney fees and court fees, if you are sued for damages caused.
  • Family Liability: Protects against damages caused by your spouse, children, pets, or others under your care.
  • Property Owner Liability: Provides protection for damages caused by a property owner to tenants.
  • Tenant Liability: Covers damages to rented property caused by tenants, thereby protecting the contractual relationship with the property owner.
3. How to obtain It?
  • Risk Assessment: Identify potential risks and situations where you might be liable for damages to other people or property.
  • Consult an Insurer: Contact an insurance broker or consultant to discuss your specific needs and receive a personalized quote.
  • Choose the Policy: Select the type of insurance that best covers the identified risks, including any additional coverage for special situations, such as property owner or tenant liability.
  • Issue the Policy: Once you agree on the details, the policy will be issued, providing you with necessary protection against potential costly claims.
4. Useful Tips
  • Customize Your Policy: Tailor the policy to include specific coverages, such as property owner liability towards tenants or tenant liability towards property owners, based on your needs.
  • Extended Coverage: Ensure your policy covers all relevant individuals in your household, including family members, pets, and people under your care.
  • Periodic Review: Regularly review your policy to ensure the coverage remains adequate and reflects your current risk exposure.
  • Include Legal Expenses: Make sure your policy includes coverage for legal expenses, which can be significant in complex disputes.
  • Professional Advice: Work with an insurance consultant to understand all available options and make the best choices based on your specific risks.
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About MIB

What Our Partners Say

Over the years, MIB has consistently demonstrated professionalism, dedication, and a deep understanding of our mutual clients' needs.

Our collaboration is built on shared values such as integrity, innovation, and a commitment to providing superior quality services. MIB is not just an insurance intermediary but also a true strategic partner, increasingly contributing to the success and development of Asirom.

Madalin ROSU
CEO - Asirom Vienna Insurance Group

MIB, one of the top 10 brokers nationally, is also among the leading brokers distributing mandatory PAD policies. This not only highlights its success as a business but also under scores its significant social role in raising public awareness about the importance of financial protection for homes.

MIB achieves these results thanks to its excellent market reputation and significant presence across all counties in the country. In 2023 and 2024, MIB increased the number of distributed PAD policies by nearly 30%, making us proud to be partners.

Nicoleta Radu
General Director - PAID

Since the beginning of our collaboration in 2005, Generali Romania has enjoyed a trusted partnership with Millenium Insurance Broker.

We continue to develop this partnership daily, providing smart solutions and services that respect our clients' time and meet their financial protection needs.

Adrian Marin
CEO - Generali

OMNIASIG Vienna Insurance Group has a solid, long-standing collaboration with Millenium Insurance Broker. We have always found in them a reliable partner and a team of professionals we can count on.

Together, we work towards the development of the insurance market in Romania, delivering quality products and services to clients promptly.

Mihai Tecau
Chairman of the Board - OMNIASIG Vienna Insurance Group

A successful and lasting partnership, such as the one we have with the Millenium Insurance Broker team, is built on shared values and the desire to provide our clients with the best products and services.

Congratulations on all that you do every day for your clients, and continued success.

Calin Matei
CEO - Groupama

Insurance is about doing good—good in people’s lives, businesses, and communities. We are proud to have reliable distribution partners like Millenium Insurance Broker by our side.

We share the same dedication to service excellence and have a common mission: to build a future with fewer worries and greater prosperity in Romania. Thank you for the solid partnership and for contributing to making things better.

Virgil Șoncutean
CEO - Allianz-Țiriac Asigurări

Millenium Insurance Broker is a trusted and valuable partner for Romanian Airport Services. 

For over 10 years, they have represented us with professionalism and dedication, consistently finding comprehensive insurance solutions, both nationally and internationally.

Thanks to their efforts, our insurance protection needs have always been optimally covered.

With appreciation and gratitude,

Alexandra Huzuneanu
CEO - Romanian Airport Services

MIB is a trusted partner for the Autonom Group.

I appreciate Ștefan and his team's professionalism, promptness, and swift support.

Marius Stefan
CEO - Autonom

Millenium Insurance Broker has been our insurance service provider since 2019, right from the early days of Bright Communication. Thanks to their team of professionals and their client-focused approach, addressing the increasingly complex business needs of our industry, the relationship between our entities has evolved.  

Today, MIB is one of our main partners. And not just any partner, but the one that protects us from risks.

Jeni Grigorescu
General Director - Bright Communication

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