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‍1. What is it?

Professional Liability Insurance is essential for protecting your professional activity against risks arising from omissions, errors, or professional negligence that may cause harm to third parties. This insurance is vital for professionals and companies providing services or consultancy, as it protects against legal costs and damages that may be claimed by dissatisfied clients or partners.

‍2. What does It cover?

There are several types of professional liability insurance, each tailored to the specifity of a profession or industry. Among the most common coverages are:

  • Contractual Liability for Omissions and Errors: Protection against claims resulting from errors, omissions, or negligence in fulfilling contractual obligations.
  • IT Professional Liability Insurance: Covers risks specific to the IT industry, including issues related to software, hardware, and IT consultancy.
  • Insurance for Regulated Professions: For professions such as lawyers, architects, and doctors, who need protection against risks specific to their activities.
  • Cyber Attack Insurance: Protects against damages caused by cybersecurity incidents.

‍3. How to obtain It?
  • Identify Specific Risks: Based on your professional activity, identify the risks you are exposed to and the coverage needs.
  • Seek Specialized Quotes: Consult multiple insurance companies to find the policy that best aligns with your professional requirements.
  • Consult an Expert: Work with an insurance broker or consultant to review all available options and select the appropriate policy.
  • Finalize the Policy: After choosing the suitable offer, sign the insurance contract and ensure you understand all terms and coverages.
4. Useful Tips
  • Customized Solutions: Choose an insurance policy that fits the specific nature of your activity. Whether it is contractual liability coverage or another type of insurance, customization is key to covering all risks.
  • Professional Advice: Work with insurance specialists to review all available options. They can guide you to the most advantageous solution for your business.
  • Online Research: Use resources available on specialized websites to gather information before making a decision. Proper research will help you better understand the benefits of each type of insurance.
1. What is it?

Professional Liability Insurance is essential for protecting your professional activity against risks arising from omissions, errors, or professional negligence that may cause harm to third parties. This insurance is vital for professionals and companies providing services or consultancy, as it protects against legal costs and damages that may be claimed by dissatisfied clients or partners.

2. What does It cover?
  • Contractual Liability for Omissions and Errors: Protection against claims resulting from errors, omissions, or negligence in fulfilling contractual obligations.
  • IT Professional Liability Insurance: Covers risks specific to the IT industry, including issues related to software, hardware, and IT consultancy.
  • General Liability Insurance: Protects against claims arising from professional activities that may cause material or personal harm.
  • Insurance for Regulated Professions: For professions such as lawyers, architects, and doctors, who need protection against risks specific to their activities.
  • Cyber Attack Insurance: Protects against damages caused by cybersecurity incidents.
  • Product Recall Insurance: Covers the costs and risks associated with recalling defective or dangerous products.
3. How to obtain It?
  • Identify Specific Risks: Based on your professional activity, identify the risks you are exposed to and the coverage needs.
  • Seek Specialized Quotes: Consult multiple insurance companies to find the policy that best aligns with your professional requirements.
  • Consult an Expert: Work with an insurance broker or consultant to review all available options and select the appropriate policy.
  • Finalize the Policy: After choosing the suitable offer, sign the insurance contract and ensure you understand all terms and coverages.
  • 4. Useful Tips
  • Customized Solutions: Choose an insurance policy that fits the specific nature of your activity. Whether it is contractual liability coverage or another type of insurance, customization is key to covering all risks.
  • Professional Advice: Work with insurance specialists to review all available options. They can guide you to the most advantageous solution for your business.
  • Online Research: Use resources available on specialized websites to gather information before making a decision. Proper research will help you better understand the benefits of each type of insurance.
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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

    We are here to help you!

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