All companies of any size, activity and sector face, on a day-to-day basis, numerous material and immaterial risk situations that can seriously affect their economic situation, which could lead to their closure or extinction and, even, affect the personal assets of the founders or managers themselves, due to claims from third parties.
To guarantee the tranquillity and continuity of any company, it is necessary, with the help of an insurance brokerage specialized in companies, to carry out an exhaustive analysis of all the possible risks that each company faces , and to design its Insurance Program for companies. , adapted to the specific needs of each company, and constantly updated to the changes that occur, both in the sector and in the organization itself.
The complete Guide to Types of Insurance for Businesses is detailed below :
Insurance for company assets:
- Insurance for premises, offices, shops, warehouses, warehouses, facilities
These insurances for companies, under the numerous types of products that exist, All Risk of Material Damage, Multi-risk, SME, Commerce, etc., ensure the buildings themselves ( continent ), as well as the furniture, stocks, electronic equipment, machinery, etc. . that is inside ( content ) of all kinds of risks that may suffer (fire, flood, theft, etc.).
- Freight transport insurance
This insurance guarantees all possible damages that the goods may suffer during their transport.
It can be hired by any type of company that participates in the transport and logistics process of the goods (manufacturer, distributor, logistics operator, transport agency, carrier, etc.) and allows to guarantee the exact value of the merchandise or its own legal responsibility of carriers.
- Insurance for independent vehicles or vehicle fleets
These insurances for circulation companies insure damages to the vehicles themselves when an accident occurs, and the mandatory civil liability for damages to third parties.
On some occasions, the insurance of the facilities usually includes the clause of vehicles at rest to ensure the damages that the insured vehicles may suffer when they are inside these facilities.
- Cyber risk insurance
This insurance guarantees damages or losses caused by cyber risks produced intentionally or accidentally, internally or externally.
This insurance has a mixed design in which, in addition to ensuring the economic losses due to expenses derived from the cyberattack (costs of restoration and cleaning of the affected systems, hiring IT specialists to face the cyberattack, etc.), it also guarantees the possible claims of third parties for any type of non-compliance, due to security failures, data breaches or moral damages on the internet (Civil Liability).
- Credit and surety insurance
These insurance for companies are, on many occasions, confused. The credit insurance protects the policyholder against the risk of default on commercial transactions credit you have outstanding receivables. On the other hand, through surety insurance, the insurance company is obliged to indemnify the insured, in the event that the policyholder breaches his legal or contractual obligations.
Insurance for company workers
- Accident insurance
This insurance protects workers against a possible accident during the performance of their work activity or in their private life.
The guarantees and capitals guaranteed in this type of insurance can be marked by the different Agreements to which the companies are covered, extended or voluntarily chosen by them.
- Health insurance
Health insurance, through its different modalities ( copayment, medical chart and reimbursement of expenses ), offers workers competitive medical assistance and quick and agile access to a wide portfolio of professionals (primary care, emergencies, specialists, dental health, etc.).
- Life insurance
This insurance offers peace of mind to workers and their families who, in the event of the policyholder’s death or disability, will have the financial support established in the policy.
In some Accident Insurance Agreement, life insurance is included and its capitals are set by the Agreement itself.
- Savings and retirement insurance
There are numerous savings and retirement products, with different degrees of flexibility and profitability, which are an important guarantee for the future and allow workers to optimize savings and ensure their long-term financial stability.
Insurance for company responsibilities
- Liability insurance
This insurance ensures compensation to third parties, bonds and legal expenses, in the event that the company is responsible for material or non-material damage to a third party, in the exercise of its normal activity.
- Civil liability insurance for directors and administrators (D&O)
This insurance for companies guarantees the possible claims that a manager may receive for any decision taken as a result of his position in the company. This insurance protects the manager’s assets, in the event that the decision taken is judged negligent, and assumes the resulting legal expenses.
- Environmental liability insurance
This insurance guarantees the damages (the own repair or restoration and the payment of the corresponding sanction) that, during the course of their activity, the companies may cause to the environment.
- Legal defence and damage claim insurance
This insurance protects the company against any legal problem, taking care of legal expenses or possible consultations with lawyers or specialists.