It is a type of insurance that guarantees compensation claims up to certain limits that may be claimed by third parties due to accidents that may occur in elevators used in commercial buildings or residential buildings.

It covers the compensation claims of third parties for bodily and material damages that may occur as a result of an accident that may occur in elevators that are subject to maintenance with a permanent contract, as well as court costs and attorney fees related to lawsuits to be filed as a result of disputes.