It should be noted that the obligation to take out a certain insurance is imposed by the circumstances surrounding the company , the sector to which its activity belongs, the collective agreement to which it is subject, etc.
Mandatory insurance
One of the mandatory insurance policies, in the case of having employees, is the collective agreement for accidents . Each collective agreement establishes the obligation to take out telegram korean list insurance that covers the consequences of an accident at work . The coverage and compensation to be paid are established by the agreement itself and the cost of the insurance depends on the number of workers included in the policy as well as the capital itself and, above all, on the activity to be carried out.
Certain activities require the contracting of Civil Liability insurance . This covers the payment of any civil claims that may arise during the development of the activity. It mainly affects professional activities, although it is possible that for certain jobs the clients themselves require this type of insurance even though there is no regulation that makes it obligatory.
A particular case that affects the construction sector is the ten-year insurance . The Law requires a ten-year guarantee to be offered to buyers of new properties, which would affect damages, defects or flaws in the construction. This type of insurance is taken out to satisfy this guarantee.
Of course, any company that owns a vehicle must take out the corresponding insurance, whether it is a passenger car or an industrial vehicle.
They are not mandatory but may be convenient.
Whether it is a business premises or an office, in most cases it is advisable to take out multi-risk insurance for the place where the company is located. Covering any damage that we may suffer in the premises, or that we may cause to the neighbours, is usually more cost-effective than facing the expense in the event that this occurs.
In cases where liability insurance is not mandatory , it may still be advisable to take it out. It should be noted that these policies can cover various contingencies:
Employer's Civil Liability, which covers any damages that may arise from the relationship between the company and its employees.
Product Liability, which deals with any damage that may be caused by the product obtained and delivered to its recipient.
Operating Civil Liability, which is what the company must face as a direct consequence of the development of its business activity.
The convenience of taking out other types of insurance other than these will depend on the assessment of the risk and the impact that these contingencies may have on the company's activity.