Insurance intermediary liability insurance
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Soon to be :)
But for now, the manager will help you
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Mandatory insurance from 2025
From 01.01.2025, every insurance intermediary (Agent, Broker and others) must have an insurance intermediary liability agreement.
The insured amount under this agreement must be no less than 170 minimum wages in Ukraine. As of the beginning of 2025, the insured amount must be no less than 1,360,000 UAH.
You can purchase such an agreement on our KIRINS service
Have questions? Write to us
Benefits of buying online
How to apply for an insurance policy online?
By online form
By online chat
*— Using the payment system or using KIRINS details
On 01.01.2025, a new law came into force, which changed the requirements for insurance intermediaries to be able to carry out intermediary activities, namely
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Full civil capacity
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Confirmation of the required level of knowledge (according to Articles 83, 84 of the Law of Ukraine “Insurance”)
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Impeccable business reputation
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A valid insurance intermediary liability agreement, if the intermediary accepts insurance payments on its account for further transfer to the insurer
Liability insurance for insurance intermediaries from 2025
An agent and broker liability agreement is necessary to transfer liability for damage caused to third parties as a result of an error or negligence in the course of business. In other words, if the court proves that the agent has committed a certain violation, the responsible insurance company will cover the losses.
What is the sum insured under the contract?
According to Ukrainian law, the sum insured must be at least 170 minimum wages in Ukraine. As of March 2025, this is UAH 1,360,000. Of course, you have the right to increase the sum insured by individual agreement with the insurance company.
Since the contract is valid for 1 year, and during this year there may be changes in the minimum wage (usually an increase), we recommend increasing the amount to what it may potentially be during the contract period. To do this, you need to look at the relevant draft laws on increasing the minimum wage.
How much does agent liability insurance cost?
The cost of liability insurance for agents and brokers depends on several parameters:
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Sum insured
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Length of service as an insurance intermediary
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Franchise
These parameters may vary depending on the conditions of a particular insurance company.
With us, you can choose:
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The minimum sum insured or an increase at your request (subject to approval by the underwriters
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Specify the length of service - up to 5 years or more than 5 years
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Franchise from 0 to 5% of the sum insured
Also, remember that the law does not currently provide for a permissible deductible amount for this contract, but we still recommend taking out a contract with a zero deductible, since the total cost of the contract is not significantly different, and a deductible of 5% will significantly affect the budget in the future.
How to buy insurance?
Today, you can purchase this agreement through any messenger available on the contact page via our managers. In the future, we will publish a convenient calculator for filling in the contract data online.
To clarify the required package of documents when drawing up the contract, please contact our manager via chat.
Please note that this agreement does not have an electronic version, so the documents will be sent to the nearest Nova Poshta branch at our expense.