How to achieve this? By taking out compulsory insurance for companies. We will delve into the insurance that is mandatory for companies, ensuring that you comply with all regulations and guarantee the protection of your business.
What insurance must a company take out?
When it comes to setting up a new business, there are mandatory insurances that bc data vietnam must be acquired before starting any business activity. Depending on the laws and regulations in force in your country, these insurances may vary.
Focusing on the Spanish legal system, among the most common are:
civil liability insurance
occupational accident insurance .
These insurance policies, which are necessary for newly established companies, ensure that you are covered in the event of damage or injury caused to third parties due to business activity. However, this is where Platinum Global Risk comes in , providing you with advice and experience to ensure that you comply with all legal obligations and obtain adequate protection from the start of your venture.
In addition to the mandatory insurance for start-ups, there are other types of insurance that you should consider regardless of how long your company has been operating.
One example is professional liability insurance , also known as errors and omissions insurance. This insurance is especially relevant for companies that provide professional services, such as consulting, legal advice, or accounting services.
What happens if your clients file claims due to errors or negligence in the provision of your services? Well, instead of having to pay for them with your own assets, if you have this type of insurance, it will cover this aspect. The best thing to do is to go to or put yourself in the hands of specialists in business insurance , who will help you find the professional liability policy that perfectly suits your needs, thus covering legal expenses and the corresponding compensation.
But we don’t stop there. Another vital insurance for businesses is fire and property damage insurance . This insurance provides protection for your company’s assets, including facilities, inventory, and equipment, in the event of fire, explosion, theft, or other events that may cause property damage.
We also cannot forget to mention product liability insurance , which is essential for companies that manufacture or distribute products.
