Are There Any Restrictions or Precautionary Rules? - Indemnity Insurance

The insured is required to comply with Vörður's precautionary rules. 

Are there any restrictions or precautionary rules?

Where is the insurance valid?  - Indemnity Insurance - Iceland

The insurance covers only damage that occurs in Iceland as a result of the insured’s work in Iceland.

Where is the insurance valid? 

What are the insured's obligations? -  Professional Indemnity Insurance for Engineers, Technologists, and Architects

What are the insured's obligations?

When and how is the insurance paid for? - General

The insurance premium must be paid on the due date. Upon renewal, the annual premium is adjusted in accordance with changes in the index from the base index of the agreement. Vörður sends payment claims monthly to online banking services, or annually if the policyholder prefers to pay the premium in a single installment. 

It is possible to change the payment method via Vörður's online service, “My Pages.” There, policyholders can also choose to pay premiums using a credit card. 

When and how is the insurance paid for?

When does insurance coverage begin and how does it end? - General

Insurance contracts are generally valid for 12 months from the date of acceptance of the offer and issuance of the insurance, and premiums are based on the annual premium. If the insurance is not terminated within that period, it is automatically extended. 

When does insurance coverage begin and how does it end?

How is the insurance terminated? - General 

The insurance can be terminated at any time during the insurance period. 

How is the insurance terminated?

Information Document

Professional liability insurance is intended to compensate for general financial loss that the insured may cause their clients in the course of their work. Engineers, technologists, and architects may purchase professional liability insurance for their professional activities, but if the work involves the design of main or special drawings, it is legally required to purchase and maintain such insurance.

Covers general financial losses that the insured may cause to their clients in the course of their work.

What Is Covered?

What Is Not Covered?

Professional Liability Insurance for Engineers, Technologists, and Architects

Professional Indemnity Insurance for Engineers, Technologists, and Architects

Professional Indemnity Insurance

Terms and Conditions

Vörður operates according to the various policies and rules that can be found here on the website.

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Through active prevention efforts, we minimize the likelihood of accidents. When setbacks occur, we stand firmly behind our customers and compensate for their losses.

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Vörður board of insurances

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Here you will find claims reports in PDF format for all types of damage.

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Vörður aims to offer customers appropriate insurance coverage at competitive prices. The company emphasizes simple and convenient insurance transactions and personal service.

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The key to the successful operation of Vörður is the people who work there. We emphasize job satisfaction, equality, a good working environment, targeted education and training of employees, and a fun workplace where every individual has an impact and makes a difference.

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Terms

About Vörður

We focus on simple and convenient insurance services with customer satisfaction as our guiding principle, and when setbacks occur, we stand with our customers.

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