Insurance against liability insurance is important for the policyholder, which has a policy for this type of insurance, as well as for the person who has suffered damage from the policyholder.
The importance, which the insurance against liability has for the policyholder, is that it provides security to the insured person.
The insurance company instead of the policyholder take on obligation to pay the injured party the amount of damage within the limits of the sum assured if the policyholder unintentionally and inadvertently causes damage to a third party.
On the other hand, insurance against liability, provides that a person who has suffered damage always may be fairly compensated.
Forasmuchas that the insurer take on obligation to himself, it avoids the chance that challenger of damage, due to poverty or other reasons, can not compensate for the damage.
Insurance against liability as an obligation, establish the following regulations of the Republic of Serbia:
Law on Compulsory Traffic Insurance
Insurance against liability in traffic is compulsory for the following persons:
- Owners of motor vehicles – third party liability insurance
- Aircraft owners – aircraft passenger and third-party liability insurance
- Boat owners – third party boat insurance (Article 2 paragraph 1 items 2., 3. and 4.).
The term ‘owner’ also includes the user or any other person to whom the vehicle is registered in accordance with the relevant regulations.
Insurance law
Insurance against liability is compulsory for the founders of an insurance brokerage undertaking.
Along with the application for a license to carry on insurance brokerage activities the founders of an insurance brokerage undertaking shall submit professional liability insurance or unconditional bank guarantees accepted by the National Bank of Serbia for the insured sum and/or the guarantee amount not less than the RSD equivalent of EUR 200,000 calculated at the National Bank of Serbia middle exchange rate on the day of payment (Article 89, paragraph 3 item 9).
Law on Environmental Protection
For pollutants whose installment or activity represent high risk to human health and the environment, insurance against liability in case of damage caused to third parties due to accidents is the obligation (Article 106).
Law on Maritime Navigation
Approval for conducting mediation services in the employment of seafarers can be issued to a legal entity that has a valid insurance policy for professional liability insurance for financial losses incurred by the seafarer as a result of omissions in the work of mediators in the amount of 5,000.00 euros in dinar equivalent per harmful case (Article 67a, paragraph 1, item 5).
Before signing the employment contract, an intermediary in the employment of seafarers is obliged to check whether the shipping company has concluded insurance against liability in case of death or bodily injury of a seafarer on the amount that is determined by the applicable law and collective agreements, whether they have a system of ensuring of the repatriation of the seafarer and to inform the seafarer about it (Article 67e paragraph 6).
Law on Audit
Liability insurance of the audit firm for damages caused to users of the audit report (Article 22).
Law on Bankruptcy
Professional liability insurance of the active bankruptcy administrator (Article 25 paragraph 3 and Article 30).
Law on Advocacy
Professional liability insurance of lawyers (Article 37 paragraph 1 to 3).
The Law on Public Notary
Professional liability insurance of notaries public, which includes insurance against liability for the actions of public notary deputies, assistants, trainees and other persons who work with notary public (Article 59 paragraph 1, 2, 3 and 5).
Law on Enforcement and Security Interest
Before taking the oath a public executor must make the insurance contract for damage that their activities could cause to another person and the insurance contract for premises and things received in a deposit in case of their damage, destruction or disappearance (Article 478 paragraph 1 item 1).
Law on Mediation in Real Estate Trade and Leasing
Professional liability insurance of mediators in real estate trade and leasing (Article 13).
Law on Planning and Construction
Compulsory insurance against liability for damages that their work may cause to the other contracting party or third party is obligation for entities (a company or other legal entity or entrepreneur), which are engaged in production of technical documentation, construction works, professional supervision or technical inspection (Article 129a).
Law on Electronic Document, Electronic Identification and Trust Services in Electronic Business
The ministry responsible for information society affairs shall prescribe the minimum amount of liability insurance coverage for damages arising from the provision of qualified trust services. (Article 32).
Last update: 28. 9. 2025.
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