Guide to business insurance in Spain

Business insurance is not a requirement by law, but well-designed business insurance can be of great help if anything unexpected happens. Paying insurance might be seen as costly for some company owners. However, you should really understand the risks that you might experience and the costs you need to pay if something happens.

1. What are the possible issues I might encounter as a business owner?

2. What is the coverage of business insurance like in Spain?

3. What are the additional benefits of the service of Innoinsure, the official international office of Adeslas?

1. What are the possible issues I might encounter as a business owner?

As a foreign business owner, you are more susceptible to changes, extreme conditions, accidents, or even disasters. You might also need repairs, negotiations, and even legal assistance on some issues. Therefore, it would be quite valuable for you to invest in an insurance plan. Some of these plans can easily solve your problems and it would be helpful if the company, like Adeslas, can communicate in English.

2. What is the coverage of business insurance like in Spain?

This is hard to tell because each company has different coverage. Take the example of the business of Adeslas, we cover the following terms ``(See the complete coverage here)

• Damages:
  • Fire, explosion, and lightning
  • Acts of vandalism, tumultuous action, and legal strikes
  • Severe weather conditions
  • Smoke damage
  • Sound wave damage
  • Spillage of automatic fire extinction facilities
  • Damage due to water or fuel spillage
  • Falling of trees, posts, and aerials
  • Falling of trees, posts, and aerials
  • Breakage
  • Damage suffered in goods transportation
  • Electricity damage
  • Breakdown of machinery
  • Damage to merchandise in refrigeration chambers
  • Damage to computers and hardware

• Robbery or losses
  • Burglary or the costs caused by attempted burglary
  • Theft of cash
  • Transportation of funds
  • Losses caused by employee infidelity
  • Robbery with violence or intimidation against customers and employees.
  •  Inhabitability or loss of rent
  • Third-party liability: from occupational accidents,  Product / Post-work,  Operating
  • Loss of profits

• Expenses and assistance
  • Extinguishing, salvage, and removal expenses
  • Aesthetic replacement of buildings
  • Business Assistance
  • Legal protection

3. What are the additional benefits of the service of Innoinsure, the official international office of Adeslas?

• English-speaking support: We are the official international office of Adeslas, able to handle all the inquires and claims in English or Spanish, and other languages.
• Handling the paperwork for you: You won’t have to handle anything. In the event of an accident, we will manage all the paperwork, repairs, and payments to professionals.
• Easiest claim management: With our online claim system, you claim an issue easily in 30 seconds.

Apart from home insurance, we are also specialized in expat insurance, dental insurance, accident insurance, pet insurance, and home insurance.

If you would like to know more about insurance options, check out one of these blogs below:

• Guide to private medical insurance in Spain
• Guide to Spanish private dental insurance
• Guide to accident insurance in Spain
• Guide to pet insurance in Spain
• Guide to home insurance in Spain
• Guide to business insurance in Spain

Our content will be updated according to the most recent legislation. Last update: 21/07/2023