We will develop proposals for reducing your risks and developing an optimal insurance program based on your needs.
According to the chosen insurance program, we will collect insurance offers from all insurance companies all over Latvia and well known European insurance companies with a high financial rating.
In accordance with your requirements, we will conduct an analysis of insurance market conditions and quickly prepare insurance offers/contracts.
We will help and consult on the fast payment of indemnity
We offer a variety of vehicle insurance options.
MTPL (MOTOR THIRD PARTY LIABILITY) covers the civil liability of the owner or legal user of a motor vehicle for losses caused to a third party in a road traffic accident. This means that MTPL compensates for the loss caused by the driver of the motor vehicle to other person or his property.
KASKO (Car Insurance) compensates the damages of or loss to vehicle’s owner, occurred due to a road traffic accident, theft or robbery, fire, natural disaster etc.
Green Card (International Insurance Contract) is an insurance contract entered into regarding a motor vehicle that is registered in the Republic of Latvia and participates in road traffic in a state, which is a member state of the Green Card system. Compensates the same loss as the MTPL standard agreements, but the territories in which the agreements are in force differ, i. e., there are Green Card system member states where the MTPL standard agreement is in force, and also those where it is not. When visiting such a country with their own vehicle, one should definitely purchase the Green Card.
Historically, property insurance is one of the most popular types of insurance. Property insurance is considered to be such insurance that covers the real estate and other property of a legal or private person. The insurance policy indemnifies the loss, or the property is restored to its previous condition. Property insurance is often combined with other types of insurance – civil liability insurance or business interruption insurance (for legal persons). Business Interruption risk insurance may include coverage against losses of structure fires, water damage, loss of electricity, equipment failure, third-party disruptions, crime or vandalism, natural disasters.
Health insurance covers patient contributions, fees for medical services, GP and medical specialist consultations, various medical examinations.
Life insurance covers the expenses occurring in the case of death of the insured. This insurance can be combined with insurance against accidents, crisis insurance and other additional cover.
Insurance against accidents compensates the fact of the accident; the amount of compensation directly depends on the severity of the accident and the insured sum.
Travel insurance covers the medical treatment costs while abroad, compensates accidents and death, lost or stolen baggage, compensates the loss caused to other persons, as well as the legal services in the case of a road traffic accident.
Civil Liability Insurance (TPL ) will cover the liability for the damages caused by you or any of your employees to the property, health or life of a third person. Most often this is loss due to causing bodily injuries or property damage, but in some cases also financial loss, moral detriments , legal expenses or environmental damage.
Professional indemnity insurance compensates the loss caused by errors & omissions or negligence when performing professional activities.
Cargo insurance protects the owner of the cargo, consignor and consignee from loss if the cargo is damaged, lost or from other perishes while transported. If your company is an owner or logistics service provider and would like to insure its cargo, we will individually evaluate the necessities of your company and prepare a appropriate insurance offer with great conditions.
Whatever happens to your cargo during transportation, one of the parties is always there – the Carrier. This type of insurance protects the interests of the Carrier’s and/or the Forwarder’s.
The Warehouse Operator Liability Insurance provides compensation in the case if you – the insured – have caused any damage to the Owner of the cargo, during storage at your warehouse, load/unload/reload the cargo, pack or unpack it, distribute according to Owner’s order. In addition to standard cover, this insurance also compensates reasonable costs for loss reduction as well as legal expenses when defending your interests.
Construction risk insurance provides cover for any loss that happens during construction or assembly works, e.g. inflammation, theft of materials or tools, water leakage. This type of insurance applies to construction, reconstruction and maintenance works.
In order to meet all the requirements of the client and protect yourself from possible loss, one should have construction warranty insurance.
Construction warranty insurance acts as a warranty to the client (the insured) that he will not be affected by any material loss if the contractor (the policy holder) does not perform or fails to perform the obligations set out in their agreement.
Types of Construction Warranty: tendering procedure warranty, prepayment (advance), work (agreement) execution warranty, warranty period.
Hull and machinery insurance provide physical damage protection for the ships or vessels and the machinery which is part of them. In the event that your ship collides with another veseel and damages property and/or cargo in the process, this provision could protect you against legal liability. Protection & Indemnity (P&I) Insurance is covering the liabilities to the third party and risks which are not covered elsewhere in standard policies.
Cyber insurance is designed to protect company from primary risks – Network security, Privacy, Network Business Interruption, Data losses, Errors and omissions. In particular, network security and privacy liability can include both first-party and third-party costs. Coverage provided by cyber-insurance policies may include coverage against losses such as data destruction, extortion, theft, hacking, and denial of service attacks; liability coverage indemnifying companies for losses to others caused, for example, by errors and omissions, failure to safeguard data and also post-incident public relations.
Directors and officers liability Insurance – is liability insurance payable to the directors and officers of a company, or to the organization(s) itself, as indemnification (reimbursement) for losses in the event an insured suffers such a loss as a result of a legal action brought for alleged wrongful acts in their capacity as directors and officers. In fact, often civil and criminal actions are brought against directors/officers simultaneously.
Event General Liability insurance coverage is required by venue or vendor contract and protects against 3rd party bodily injury or property damage claims. insurance offers tailored cover to a whole host of risks facing conference and exhibition organisers and event planners.
Event Cancellation Insurance provides coverage for the loss of revenue derived from or expenses committed to an event due to a cancellation, abandonment, interruption, curtailment, postponement or relocation.
We are the largest insurance broker company in Latvia, one of the largest in the Baltic States.
Our company is part of the leading insurance brokers company in Central Europe – RENOMIA a.s., whose shareholder is one of the world’s largest brokers companies, Arthur J. Gallagher & Co. The company was founded in August 2007, registered in the FCMC Register of insurance and Reinsurance Intermediaries under No. 06.09.02 / 1168 in September 2007. “R&D apdrošināšanas brokers” is an insurance brokers company certified by the Financial and Capital Market Commission of the Republic of Latvia with a registered capital of EUR 50,000. The professional liability is insured in accordance with the requirements of Article 28 of the Law on Insurance and Reinsurance Distribution for an amount of at least EUR 2,000,000.
Since the foundation of “R&D apdrošināšanas brokers’’, our insurance broker company has experienced steady development in terms of both qualitative and quantitative indicators and is now one of the most experienced and professional insurance brokers teams in the industry.
We are constantly following both the general developments in the insurance market and the changes in the insurance products segments offered by certain insurers – their methodology and insurance policy, which in general gives us an opportunity to provide our customers with an effective combination of price, security and insurance cover.
Our employees have all the necessary skills for professional insurance advise, as well as to make a qualitative assessment of the received insurance offers with the aim of identifying the most economically advantageous insurance offer. We should mention that our team has about 35 certified insurance brokers and 25 assistants who serve more than 100 000 reliable customers on a daily basis.
‘’R&D apdrošināšanas brokers’’ has close business cooperation and good mutual understanding with all insurance companies operating in the Baltic market. We are aware of the nuances, insurance conditions and reinsurance policies provided by each insurer; as a result, we can provide our clients with comprehensive information on the quality of the insurance cover received and the aspects of insurance cover, while saving the customer’s time and resources. Due to the fact that at the end of 2020 “R&D apdrošināšanas brokers” became a part of RENOMIA as, we have direct access to cover risks of any complexity around the world and can provide our clients with expert-level solutions and advices on the entire spectrum of insurance and reinsurance, providing high-quality services in Latvia and in any other country.
Thanks to the successful implementation of the company’s strategy and successful cooperation with its partners, according to the Latvian Insurance Brokers’ Association, we are the largest insurance brokerage company in terms of signed gross premiums from 2012.
“R&D apdrošināšanas brokers” received ISO 27001 certificate in 2020. This world-class certification reflects data security, business continuity and customer service.