Self-Insured Person

A self-employed person who carries out professional activity on their own account and is responsible for their own social and health insurance. This category includes persons practicing liberal professions, farmers, sole traders, and owners or partners in commercial companies, among others. They are insured based on the income from their professional activity, submit an annual tax return, and pay the corresponding social security and health insurance contributions. Note: The term self-insured is used in official English translations of Bulgarian documents to represent this status, but in general English it usually refers to someone who bears an insurance risk without involving an insurance company.