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| Types of insurance for companies |
For those who have decided to launch a new business idea, or simply already have vast experience in the field, it is necessary to give the importance that the purchase of insurance deserves. Likewise, know the different types of insurance for companies that exist in the market.
An insurance allows a company to offer its services in a reliable manner, in addition to providing the necessary tools to protect the assets of your company against possible unforeseen events, natural disasters, accidents or legal responsibilities that may compromise the correct development of its activities.
There are different types of insurance for companies that cover different needs according to the nature of each company. Choosing the one that best suits the requirements of each organization is essential. Next, we mention some of the most common within a huge range that exists in the market.
Types of insurance for companies
- Products and Merchandise Civil Liability Insurance
It offers a guarantee for indemnities that are the result of errors in the manufacture, delivery, and state of defective products, or that are in poor condition when sold or delivered to their recipients.
There are policies of an Employer nature, which cover contingencies that arise from some relationships between companies and their personnel. Likewise, there is the Exploitation section that specifically contemplates the activity carried out by each company.
We invite you to read our post on freight transport civil liability insurance .
- Multi-risk insurance for SMEs and large companies
It is usual that even today many of the tasks are carried out in office spaces or commercial spaces where a large number of people pass between the public, workers and customers. For this reason, it is necessary to have insurance that is adequate for that level of movement and transit.
Multi-risk policies is one of the types of insurance for companies that allows you to cover damages that occur in the work environment, as well as damage to your assets such as mechanical, computer equipment, furniture, fixtures, raw materials, or products. stored in specific areas, among others.
One of the benefits of multi-risk insurance for SMEs and large companies is that it usually adapts to the needs of each company by offering options that allow under-insurance or over-insurance to be avoided in each specific case.
We also invite you to read our post about what insurance a SME should have .
- Civil Liability Insurance for administrators and senior officers
This type of insurance is known by its acronym D&O, which stands for Directors and Officers. Its objective is to protect the assets of administrators and senior company officials against claims by third parties for economic damages that may arise as a result of their decision-making or directly related to their work.
This type of insurance is usually in high demand in the case of administrators and senior managers of SMEs or small family businesses. However, it protects any person, under this employment profile, who can work in a cooperative, in a limited company, foundations or associations.
At Markel we have designed a D&O insurance with extensive coverage and advantages for administrators and senior managers. We invite you to learn about different examples of claims that you may receive in the exercise of your duties, and what are the coverages offered by our product.