Company Insurance

What is company insurance?

Company insurance is a multi-risk insurance modality designed to cover the assets of the company or SME. This insurance covers damage to your business or company due to different causes such as fire, theft, electrical or atmospheric damage, among others. You can also include in your company insurance coverage for loss of profit due to interruption of activity, or civil liability for damages to third parties.  

Is there Company All Risk insurance?

For certain business or industrial activities, Company All Risk insurance is advisable. This type of coverage guarantees any type of damage to business assets. In this type of insurance, there are no specific coverages such as theft, fire or water damage, but under the All Risk guarantee any damage is covered, except that which is expressly excluded in the policy. 

Is Civil Liability covered in Company insurance?

The modality of Company insurance or All Risk Company, also allow to include the guarantee of Civil liability for damages to third parties. Although, for certain activities it is advisable to contract an individual insurance policy Company Civil Liability, which may include specific coverage of this type of insurance that cannot be included in Company insurance. 

What does business interruption profit loss cover?

As its name indicates, the profit loss It is the loss of income that the company stops generating as a result of the interruption of the activity derived from the occurrence of an accident. There are three types of insurance:

• Gross profit company annual
• permanent expenses, which would be the expenses that the company has to assume even when the activity is paralyzed (rents, payroll, taxes, supplies...)
• Gross margin, which would be the sum of the annual gross benefit and permanent expenses. 

Is the assistance of company professionals covered in Company Insurance?

It is common in multi-risk insurance, and therefore also in company insurance, that the insurer provides the assistance of professionals to repair the damage suffered in a claim. Nevertheless, the insured has the right to repair the damages with professionals they trust. 

Can I insure several company facilities in the same policy?

In companies that have different facilities or industries, if the activity carried out is the same or similar, all situations can be included in the same policy. They are commonly known as multi-situation policies. 

Is it necessary for the company to visit the company's facilities before contracting the Company Insurance?

Inspection prior to contracting insurance is not always necessary. It will depend on the activity of the company that is insured, the accumulation of capital (container values, content, etc.) and the level of protection against theft and fire. Our insurance brokerage in the Canary Islands advises you on security measures and protections that your company needs, not only thinking about the best insurance, but for the best protection of your assets.

How can I hire the best Company Insurance in the Canary Islands?

Our insurance brokerage in Tenerife and Las Palmas advises you without obligation on the best insurance protection for your company in the Canary Islands. We have experience in various business and industrial sectors of the Canary Islands, and we know what the insurance needs of Canary companies are. contact now with our team of advisors in company insurance and find out without commitment.

How much does company insurance cost in the Canary Islands?

Our insurance brokers specialized in companies in Tenerife and Las Palmas, have the necessary knowledge of the sector to design the best company insurance in the Canary Islands. With our business insurance audit service, we detect the real needs of Canarian companies and design a personalized insurance program, with the best coverage and the best prices in company insurance in the Canary Islands.