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A COMPREHENSIVE GUIDE TO INSURING YOUR BUSINESS IN SPAIN.

Owning a private or commercial business in Spain can often be daunting and we tend to put the protections we need to the back of the list of things to do. Businesses demand our attention virtually 24 hours a day as we try and grow the business to support us in the years ahead, we need to make sure that our assets, as they grow, are protected.

Protecting your business in Spain will depend upon the type of business you own. Public and civil liability are essential, although not compulsory, building and premises insurance, commercial vehicle insurance and loss of income, theft and fire are things to consider. We will take a look at the type of Business insurance you may need.

Whatever type of business you have, Accountants, Beauticians, Caterers, Building contractors, Dog walkers and Groomers, Vets, Estate Agents, Market Traders, Offices, Gardeners, Shops, Factories, and so much more as we can cover the majority of risks associated with your business so that you can get on with running the business.

PRIVATE MOBILE BUSINESS INSURANCE IN SPAIN.

Many small businesses are often Start-up businesses whereby you operate by travelling to the clients premises to fulfil your obligations, building up your clientele, such as Hairdressers, Beauticians, Mobile Mechanics, Care Workers, and the like. For mobile businesses in Spain the main concern is to provide protection for any public liability, Loss or theft of your tools and equipment that you carry with you in your vehicle and loss of income.

SELF EMPLOYED PUBLIC LIABILITY INSURANCE IN SPAIN.

Self-employed public liability insurance is not a legal requirement in Spain but is considered an essential if you have a business whereby the general public visit your business premises. Self-employed insurance in Spain offers cover for you as the self-employed, including professional indemnity, whilst employers liability is not required until you start employing people.

PUBLIC LIABILITY INSURANCE FOR BUSINESSES IN SPAIN.

Public liability insurance protects you and your business against any claims for compensation and legal costs if a third party is involved in an injury or damage to property, whist on your premises, or if you cause damage to a third party whilst you are working in or on their premises. Public liability can cover everything up to and including a death.

EMPLOYERS LIABILITY INSURANCE IN SPAIN.

Employers Liability insurance covers you for any claims from employees for any work-related illness or injury. Certain safety measures are required to get your business opening licence when opening premises or an office for a business. If you do employ staff and your premises are visited by the public, for whatever reason, having employers liability and public liability should be seriously considered as part of the businesses essential costs.

PUBLIC LIABILITY INSURANCE IF YOU WORK FROM HOME.

Many people work from home in the service sector, perhaps packaging and posting out leaflets or parcels, or offering a home service as a small business just getting going. If you don’t have people visiting your home and you don’t visit their premises, then liability insurance isn’t really necessary.

PUBLIC LIABILITY INSURANCE FOR PUBLIC EVENTS OR PARTIES.

All events that involve the public come with inherent risks, from the smallest stall at a market event to big corporate events. One off event liability insurance is available and should seriously be considered if you are holding a public event. 10’s of thousands of people require treatment for falls in public areas every year and the last thing you want is to have to pay for expensive private medical treatment if you were the perpetrator or cause of the accident.

BUSINESS AND COMMERCIAL INSURANCE IN SPAIN.

Buildings Cover.

If an event occurs that is insured, such as a flood or fire at your business premise, the buildings insurance will cover the costs of repairing the damage.

Commercial Contents and Stock Insurance.

You can’t operate your business without the tools of your trade. Computers, desks, office equipment, stock, raw materials and finished items ready for transport or sale. Insuring your stock is like protecting your money. If it is stolen or damaged by fire or flood the insurance will cover the costs of replacement.

Business interruption insurance

If your business was interrupted by an insured event such as fire or flood and you are no longer able to trade or run your business, business interruption insurance will cover the costs of losses to your business.

Theft and takings insurance

If your business handles cash and takings from the public, online or by other means, our commercial business insurance can cover you for theft by employees and by the public.

Legal Expenses.

Legal expenses are included in most commercial insurance policies in Spain and will provide you with the Insurance Lawyers to mitigate any legal requirements you may need for legal problems or disputes with clients.

Cyber Insurance cover in Spain.

Some commercial business insurances are looking at the coverage of Cyber insurance and Ransomware cover. This is a complex and ever-increasing risk that has become more relevant in the past few years. Large companies are not averse to paying the ransom for cyber-attacks as they may have hundreds of employees stopped from working due to ransomware.

Goods in transit insurance in Spain.

Many commercial businesses need to move products around the world in a variety of different vehicles. www.insurancinspain.com can provide goods in transit insurance and will tailor the policy to suit your insurance requirements.

Tailored business and commercial insurance.

If you have a business, and not all businesses are the same, we can tailor the insurance specifically for your needs. If you are a dog walker, you might need some dangerous dog insurance to protect against one of the dogs biting a member of the public. Mobile hairdressers will need professional indemnity insurance so that they are not sued for injuring a client or damaging hair.

As there are so many different businesses in Spain, we would recommend that you speak to one of our Business insurance specialists by contacting us so that you get the right business insurance in Spain.

BAR AND RESTAURANT INSURANCE IN SPAIN

Comparing insurance products to get the right one tailor made for your business is what we do best. Our selection of insurance products to cover Bars and Restaurant owners in Spain and is unique in that we take the time to make sure that you DO have the right cover and don’t just throw the cheapest, inadequate insurance policy at you to get your business.

We are proud of what we do, and we do it well. Our specialist business team will evaluate your needs professionally and provide you with the right bar or restaurant insurance.

One of the most important parts of the insurance is the public and/or private liability insurance which covers you in the event of an injury to your staff or a member of the public.

Having the 24 hour 365 days a year Emergency Call-out service offers immediate emergency repairs.

For Bar and Restaurant insurance you would expect to include fire, theft, damages, water leaks, electrical damages, loss of earnings, loss of rent, breakages, consequential losses, all risk accidents, power cuts and freezer goods, just to mention a few of the covers available.

Talk to one of our professional Business and Commercial insurance specialists and we will make sure that you are covered properly and that you get a fast and accurate claims service should you ever need it.

THANK YOU!

Updated April 2020. Copyright www.insuranceinspain.com