Professional Responsibility Insurance
V4 Enerji has Professional Liability Insurance covering accounting services of our clients up to 250.000 EUR.
Professional liability insurance (PLI), also called professional indemnity insurance (PII) but more commonly known as errors & omissions (E&O), is a form of liability insurance that helps protect professional advice- and service-providing individuals and companies from bearing the full cost of defending against a negligence claim made by a client, and damages awarded in such a civil lawsuit. The coverage focuses on alleged failure to perform on the part of, financial loss caused by, and error or omission in the service or product sold by the policyholder.
Professional liability insurance is required by law in some areas for certain kinds of professional practice (especially medical and legal), and is also sometimes required under contract by other businesses that are the beneficiaries of the advice or service.
Mentioned Insurance Policy will be presented to our esteemed clients together with our proposal.
ANADOLU ANONİM TÜRK SİGORTA ŞİRKETİ
ANADOLU INSURANCE COMPANY
Büyükdere Caddesi, İş Kuleleri Kule 2 34330 4. Levent İstanbul/Türkiye
Tel: +90 212 350 0350
Fax: +90 212 350 0355
Büyük Mükellefler Tax Office, 0680061327
Professional Responsibility Insurance Policy
Policy No: 275704810 5
Tel: 0312 433 0236
Customer No: 0030355746
Insured Tax No: 9220676132
Name: V4 Enerji Sanayi ve Ticaret Ltd. Şti.
Tel: 0312 473 5762
Address: Ehlibeyt Mah. Ceyhun Atıf Kansu Cad. Ata Plaza A Blok. Kat: 10 No:100/31-32 Balgat Ankara
Policy Starting Date: 12/10/2011
Arrangement Date: 03/11/2011
Due Date: 12/10/2012
Address of Insured: Ehlibeyt Mah. Ceyhun Atıf Kansu Cad. Ata Plaza A Blok. Kat: 10 No:100/31-32 Balgat Ankara
Concept of Insurance: Professional Responsibility
Insurance Amount: (EUR) 250,000.00
INSURED PERSON: SAHİR KESKİN
ID NO: 14881029418
EXEMPTION: 5% OF EVERY DAMAGE, EACH ONE BEING AT LEAST 250 EUR.
SECURITY LIMIT IS APPLIED AS EVENT START AND ANNUAL TOTAL LIMIT.
PRIVATE CONDITIONS FOR PROFESSIONAL LIABILITIES IN PUBLIC ACCOUNTANCY / CERTIFIED PUBLIC ACCOUNTANCY
Scope of Security
With this insurance, the Insurer insures the Insured against results of indemnity claims from third persons against the Insurer that are caused by his faults or improper performance in his professional services, up to the limit of indemnity stated in the policy, subject to the private conditions written above and provisions in (a) item of the A.1. Article of the attached General Conditions for Professional Liability Insurance.
For an indemnity claim to be compensated within the scope of this insurance by the Insurer, it is required that;
a.The event that caused the Insured’s responsibility must be within the insurance period, and
b. The indemnity claim has to be stated to the Insured with certified mail within the insurance period or within at most the 5 years following the end of the insurance period (extended statement period). The Insurer has no payment liability as per this insurance unless all of these conditions materialize.
In case the policy is continuously renewed, the 5-year period about emerging of the damage will be accepted as the 5 year after the period ending of the last renewed policy for all policies renewed sequentially.
This insurance also covers the SSI premium, tax, tax penalty, increases due to default and default interests.
This insurance also covers losses due to late submittal or no submittal or SSI employment statement.
This insurance protects the Insured in case the company where he works pays indemnification to third persons within scope of the policy and this is recourse to the Insured, all these within framework of the conditions being stated in the policy.
Indemnity claims due to incompletion of legal documents within the periods projected in present laws and legislations are also in scope of insurance cover.
Claims for spiritual damages are in scope of insurance cover despite item (f) of the Article A.4.2 in General Conditions for Professional Liability Insurance.
Despite item (a) of the Article A.4.3 in General Conditions for Professional Liability Insurance; executive and juridical penalties that the third persons will have to pay, and then claim against the him due to professional liability of the insured or that the insured will pay due to joint liability are in scope of insurance cover.
Despite (a) item of the Article A.4.1 in General Conditions for Professional Liability Insurance ; indemnity claims due to loss of every kind of documents, whether computer-based, keepable in electronic environment, written, printed or reproduced with any method, or loss or destruction of information and equipment given under supervision are in insurance coverage.
If any restriction is applied on assets of the Insured due to a conclusive executive decision, the insurance company –excluding cases out of insurance cover- will execute the necessary transactions, such as giving securities, to release these assets from restriction.
In penalties within insurance scope and that are over 5.000 TL, if the insured requests an advance payment, the insurer accepts to pay the related amount to the tax office provided that the insured provides all documents in complete, submits the accrual certificate related to the penalty and on the condition that the exemption amount stated in the policy be paid in cash to the insurer.