{"id":13917,"date":"2023-03-17T13:00:45","date_gmt":"2023-03-17T12:00:45","guid":{"rendered":"https:\/\/pibgroupiberia.com\/?p=3543"},"modified":"2025-06-03T09:03:11","modified_gmt":"2025-06-03T07:03:11","slug":"what-insurances-does-my-company-really-need-to-be-well-covered","status":"publish","type":"post","link":"https:\/\/pibgroupiberia.com\/en\/que-seguros-necesita-realmente-mi-empresa-para-estar-bien-cubierta\/","title":{"rendered":"What business insurance is compulsory for an SME?"},"content":{"rendered":"<p>Business owners are the first to have an interest in <strong>minimising risks<\/strong> to which they are exposed. At the same time, they should contain the item of expenditure dedicated to <a href=\"https:\/\/pibgroupiberia.com\/en\/companies\/insurance-solutions-for-businesses\/\">company insurances<\/a>. Today we will see which are the <strong>essential policies<\/strong> that must be contracted.<\/p>\n<h2>1. Is the <strong>civil liability insurance<\/strong> for companies?<\/h2>\n<p>The <a href=\"https:\/\/pibgroupiberia.com\/en\/companies\/insurance-solutions-for-businesses\/professional-indemnity-insurance\/\">CR insurance for companies<\/a> covers any liability that the company may have to assume for having caused damage to a third party.<\/p>\n<p>Examples:<\/p>\n<ul>\n<li>In any company, both <strong>customers as well as suppliers or even the employees themselves can suffer an accident.<\/strong>. The floor is freshly mopped and a customer slips and is injured. This policy would cover the risk, through the \u00abEmployer's Liability\u00bb guarantee.<\/li>\n<li>Company that carries out work for a client and the work is defective. If the client ends up claiming against you for the assignment, we are talking about Professional Liability. This is increasingly requested by companies.<\/li>\n<\/ul>\n<p>In your case, if the answer to the following question is YES, you should also contract it: do I charge my client a fee for my services?<\/p>\n<h2><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter wp-image-27231\" title=\"compulsory insurance for companies\" src=\"\/wp-content\/uploads\/2017\/02\/seguro-empresa.jpg\" alt=\"compulsory insurance for companies\" width=\"949\" height=\"632\" \/><\/h2>\n<h2>2. Is it necessary to <strong>damage insurance<\/strong> for a company?<\/h2>\n<p>Sometimes the damage insurance policy can be combined with the Civil Liability guarantee. By damage policy we mean <strong>insuring any material losses we may suffer<\/strong> in the event of a flood, fire, theft from our premises...<\/p>\n<p>Depending on the case, only<strong> we will insure our furniture, stock and machinery (if we are renting) or also the building, the fixed parts of the office or the warehouse<\/strong> (if we own them).<\/p>\n<blockquote><p><em><strong>Example<\/strong>The insurance policy would cover the company for the amount insured: while the warehouse is closed for the weekend, a short circuit causes all the stock and machinery in the warehouse to catch fire. This insurance would indemnify the company for the insured amount.<\/em><\/p><\/blockquote>\n<h2>3. Other optional business insurance for my SME<\/h2>\n<p>Before the start of our activity, liability insurance and damage insurance are <strong>the key insurances we need to take out<\/strong>. However, we can consider the following when setting up a company.<\/p>\n<ul>\n<li><strong><a href=\"https:\/\/pibgroupiberia.com\/en\/individuals\/insurance-solutions-for-individuals\/sick-leave-insurance\/\">Sick leave insurance for the self-employed<\/a> <\/strong>starting your business (since in case of illness or accident you will have very little income, and need to supplement it to make ends meet).<\/li>\n<li><strong>Agreement insurance<\/strong> when we already have employees in our charge, and it is established by the sectoral agreement in which we include our workers.<\/li>\n<li>Cybersecurity insurance is becoming an increasingly common policy in the face of ongoing cyber-attacks on small and medium-sized enterprises.<\/li>\n<li>Directors and officers insurance<\/li>\n<li>Etc.<\/li>\n<\/ul>\n<p>If you need us to help you <strong>choosing the insurance that will best protect you and your business<\/strong>, you have us at your side. Call us and contact our Business Insurance Department.<\/p>","protected":false},"excerpt":{"rendered":"<p>Identifying which are the first business insurances I should take out is important to avoid unnecessary expenses. We look at the essentials<\/p>","protected":false},"author":14,"featured_media":13918,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"yasr_overall_rating":4.9,"yasr_post_is_review":"","yasr_auto_insert_disabled":"","yasr_review_type":"","footnotes":""},"categories":[15,152],"tags":[188],"class_list":["post-13917","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-empresas","category-profesionales","tag-multindustria"],"yasr_visitor_votes":{"stars_attributes":{"read_only":false,"span_bottom":false},"number_of_votes":0,"sum_votes":0},"_links":{"self":[{"href":"https:\/\/pibgroupiberia.com\/en\/wp-json\/wp\/v2\/posts\/13917","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pibgroupiberia.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pibgroupiberia.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pibgroupiberia.com\/en\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/pibgroupiberia.com\/en\/wp-json\/wp\/v2\/comments?post=13917"}],"version-history":[{"count":0,"href":"https:\/\/pibgroupiberia.com\/en\/wp-json\/wp\/v2\/posts\/13917\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pibgroupiberia.com\/en\/wp-json\/wp\/v2\/media\/13918"}],"wp:attachment":[{"href":"https:\/\/pibgroupiberia.com\/en\/wp-json\/wp\/v2\/media?parent=13917"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pibgroupiberia.com\/en\/wp-json\/wp\/v2\/categories?post=13917"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pibgroupiberia.com\/en\/wp-json\/wp\/v2\/tags?post=13917"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}