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Votre assurance en Espagne avec Inov Expat

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14 Apr 2021

Travel insurance and COVID19: what does my travel insurance cover?

by Julia Jannin | with 0 Comment | in Health, home page, Sin categoría
Travel insurance and COVID19: what does my travel insurance cover?

Travel insurance and COVID19: what does my travel insurance cover?

Travelling with the coronavirus has become a real odyssey. Fear and the closure of the perimeter of several regions of Spain have led many travellers to prefer to postpone their visits or cancel flights already booked until the curve of this new wave drops. Many travel insurance companies have included COVID-19 in their coverage to reduce people's uncertainty about a possible contagion. However, the preventive PCR test before departure is excluded from the contract in travel insurance.

Does my travel insurance cover me if I contract COVID-19 during my trip?

Most travel insurances offer medical coverage in case of COVID-19 infection during a trip, covering medical expenses up to the limit indicated in the insurance contract. Coverage will include:

  • Diagnostic tests prescribed by medical professionals
  • Medical assistance
  • Hospitalization
  • Extension of stay in case the traveller has to be quarantined
  • Repatriation
  • Travel for an accompanying person in case of hospitalisation

If I become ill during the trip with symptoms consistent with COVID-19, does the insurance cover a PCR test?

If, during the trip, the traveller develops symptoms of COVID19, the necessary tests will be carried out for the diagnosis (including PCR) of this or any other disease. Always assessed and prescribed by a physician.

Hospitalization, if necessary, is also covered, as well as hotel accommodation if you do not require treatment in a health centre, but must remain in quarantine due to a diagnosis of COVID-19.

What happens if I travel to a destination where a COVID-19 test is required on arrival and I test positive?

The necessary medical assistance will be covered by most insurance companies, as well as the cost of extending the insured's stay in the hotel (in case of a COVID-19 diagnosis).

In case of an extension of your stay, you will be granted another return ticket in case you missed your initial return trip due to quarantine.

If I test positive for COVID during the trip, is my companion, who is also an insured, covered?

The repatriation of the companion to the place of origin is covered, as well as that of the insured.

What happens if I lose my return ticket because I was admitted to hospital or had to extend my stay in a hotel?

In case you lose your original return ticket because you have to stay in quarantine due to "COVID-19", the insurance companies will pay for the return tickets.

If a border closure or quarantine is imposed in the country of origin/destination of the trip, and I am unable to make my trip, is this covered?

At the moment, these circumstances are not included in most insurance contracts in Spain. However, we recommend that you check your insurance policy or contact your insurance broker to confirm coverage.

If I cannot return to my home country because the authorities in the destination country have ordered it, does the cover apply?

Yes, the travel extension cover is included in the insurance policy and up to the limit covered by the contract.

Can I cancel my trip if I am diagnosed with COVID-19?

If the insured is diagnosed with COVID-19 by a PCR test within 14 days prior to the trip departure, the insurance covers the cancellation costs in case of not being able to travel on the planned dates. You must have taken out cancellation cover when you purchased your travel insurance.

In case of you do not have Travel insurance, do not hesitate to ask us for a comparison of the best travel insurance here

There are many insurance companies and different contract options. For this reason, we recommend that you use the services of a specialist broker who will be able to guide you. If you have any questions, do not hesitate to contact us directly by telephone on +34 93 268 87 42 or through WhatsApp on +34 627 627 880 or by email: [email protected]

ASK FOR YOUR TRAVEL INSURANCE QUOTE
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Inov Expat : Who are we?

INOV Expat is an insurance brokerage firm aimed at expatriates in Spain and Portugal.

INOV Expat is right there to help you: giving you the best advice on insurance, in English!

In fact, after 15 years, INOV Expat, an insurance brokerage firm, specialises in insurance for French and English-speaking expatriates in Spain and Portugal, at their destinations. As insurance professionals, we’ve signed partnership agreements with the best insurance companies in the market. All INOV Expat consultants are expatriates who will be able to advise you best in the language of your choice (English, French, Russian, Spanish, Portuguese…)

Ask you free quote online : car, health, home, life, travel, others. Look at our website inovexpat.com or contact us by e-mail at [email protected], by telephone at +34.93.268.87.42 or whatsApp +34.627.627.880.

 

INOV-Expat---CMJN_SansFond-petit-Blog

19 Mar 2021

Self-build: Building my house in Spain and Insurance

by Julia Jannin | with 0 Comment | in Sin categoría
Self-build: Building my house in Spain and Insurance

Self-build: Building my house in Spain and Insurance

 

If you are considering self-building your home, it is advisable to know what self-builder insurance you may need in order to protect you and your house/flat you are building.

In Spain, you will not be obliged to take out insurance for the construction of your house. However, this does not absolve you of your responsibilities, because, even if you are not a professional, the law imposes the same obligations as you are responsible for everything connected with the building site. Civil liability insurance will be particularly important to cover cases of work-related accidents, which can directly affect you , because if you do not have civil liability insurance, you will have to face with your personal assets to cover the damage.

 

What is the law governing construction insurance in Spain?

First of all, the law that governs housing construction insurance is the Ley de Ordenación de la Edificación (Law 38/1999).

This law highlights 3 types of insurance: :

  • Builder's guarantee: to guarantee for one year the compensation of material damages due to defects or deficiencies in the execution affecting the elements of completion or finishing of the works. It may be a deduction by the developer of 5% of the amount of the execution of the work. There is no insurance in Spain to cover this obligation.
  • Triennial insurance: to cover for three years the compensation of damage caused by defects in building elements or installations which result in non-compliance with habitability requirements (waterproofing of roofs and terraces, facades and secondary works). This insurance is optional.
  • Ten-year insurance “decennial insurance": to guarantee compensation for ten years for material damage caused by defects or faults that originate in or affect foundations, supports, beams, floors, load-bearing walls or other structural elements, and that directly compromise the strength and stability of the building.

However, the guarantee mentioned in point 3 (decennial insurance) will not be required in the case of the individual self-developer of a house for his own use. However, in case of transfer of housing (e.g. sale of the sale of housing), it will be compulsory to take out this guarantee for the remaining time.

 

If I am self-building, what insurance should I take out?

For this reason, the self-builder should consider taking out three types of insurance, even if knowing that there are not compulsory. The insurance will cover you again any injury or damage (liability and physical damages) that could occur while you are working on your site.

1) ALL RISK CONSTRUCTION INSURANCE

If you have approached a bank to finance the construction of your home, the bank may require you to take out "todo riesgo construcción" (TRC) construction insurance. All-risk construction insurance is paid in a single instalment and the work is insured throughout the period of execution.

You can check our article dedicated to All Risks Construction Insurance by clicking here.

2) CIVIL LIABILITY INSURANCE

The promoter of a work (even if it is the rehabilitation or construction of his own house), is responsible for damages caused to a third party by the execution of the work as an agent involved in the construction.

For this reason, even if you share responsibility with other parties such as the architect and builder, it is recommended that you take out civil liability insurance or self-help insurance to ensure that no liability is left uncovered.

3) DECENNIAL INSURANCE

It is recommended to take out decennial insurance for the following reasons:

  • to cover structural damage to your house over the next ten years.
  • if you wish to sell your house before the 10-year period has elapsed, you will need to take out decennial insurance in order to finalise the sale. Ten-year insurance is much cheaper if it is taken out at the time of the work.

You can request a quote by clicking here.

 

What types of damage are covered by decennial insurance?

The Decennial Civil Liability insurance will cover claims for 10 years from receipt of the work that may be related to:

  • thermal insulation
  • wall cracks, swimming pool, etc.
  • water infiltration on the facade or roof (lack of waterproofing)

 

If you do not have an Decennial construction insurance, do not hesitate to ask us for a comparison of the best insurance here

As you can see, insurances for construction are a little bit complicated. Julia Jannin, Managing Director of Inov Expat is an expert. If you have any questions, please do not hesitate to contact her directly by phone on +34 93 268 87 42 or through WhatsApp on +34 627 627 880 or by mail : [email protected]

ASK FOR YOUR DECENNIAL INSURANCE QUOTE HERE
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Inov Expat : Who are we?

INOV Expat is an insurance brokerage firm aimed at expatriates in Spain and Portugal

INOV Expat is right there to help you: giving you the best advice on insurance, in English!

In fact, after 15 years, INOV Expat, an insurance brokerage firm, specialises in insurance for French and English-speaking expatriates in Spain and Portugal, at their destinations. As insurance professionals, we’ve signed partnership agreements with the best insurance companies in the market. All INOV Expat consultants are expatriates who will be able to advise you best in the language of your choice (English, French, Russian, Spanish, Portuguese…)

Ask you free quote online : car, health, home, life, travel, others. Look at our website inovexpat.com or contact us by e-mail at [email protected], by telephone at +34.93.268.87.42 or whatsApp +34.627.627.880

INOV-Expat---CMJN_SansFond-petit-Blog

04 Dec 2020

Medical network of insurance companies: Guide to understand how it works

by Julia Jannin | with 0 Comment | in Health, home page, Sin categoría
Medical network of insurance companies: Guide to understand how it works

Medical network of insurance companies: Guide to understand how it works

Medical network : How does it works ?

You have taken out health insurance and now want to go to the doctor. You will need to consult a doctor that is affiliated to your insurance company. With your insurance card, coverage will be automatic.

If you would like to find out which medical centres and clinics you can visit with your health insurance, see the links below. You will be able to find all the specialists who are available to you, as well as their location and the time to request appointments. Simply click on your insurer's logo and select the province for which you wish to consult the network.

Direct links to consult the medical network of your insurance company

LOGO AXA

AXA

AXA Dental

 

 

blank

DKV

 

 

blank

SANITAS

 

 

 

blank

ADESLAS

 

blank

ASISA

 

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CASER

 

 

It is also important to consult the references of other users and to be well informed about the availability of doctors, the frequency of consultations and waiting times in the medical centres.

What are the main specialties included in the medical network?

General medicine, dermatologists, gynecologists, cardiologists, psychologists, psychiatrists, traumatologists, physiotherapists, clinical analyzes, radiology, hospitalization, home emergencies….

However, there is a variety of professionals available to you, so it is worth consulting with the insurance company’s medical cadre and focusing on the services available to you in the province you are in.

How to choose the insurance company?

Consultation with the medical network is an essential part of the medical assistance process covered by health insurance. You will be able to check both the list of medical centres and specialists, as well as hospitals and clinics.

Depending on the province, there may be certain companies that are more or less well represented.

In large cities such as Barcelona or Madrid, Axa is the most represented company. In the province of Alicante, most health professionals are affiliated to DKV.

It is recommended that you use an insurance broker who can recommend a health insurance contract that will meet your needs.

What other types of insurance are available?

The medical network insurance is not the only formula that you will be able to subscribe. There are other types of insurance policies that you can also take out from your insurance company:

  • Medical insurance with “copagos” deductible: these insurances offer identical cover to that with a medical framework, but with a lower premium. In return, 100% of the service you receive will not be covered, so you will have to pay a portion “copago”  each time you go for a consultation or medical intervention. This type of insurance is more appropriate if you do not go to doctors or specialists regularly.
  • Insurance with medical network and reimbursements: this insurance allows you to go to medical centers, clinics and specialists not covered by your insurance company. After paying for your service, you will have to request reimbursement and the company will reimburse you 80% of the invoice (limits and ceiling to be confirmed with your contract)
  • Non-hospital medical insurance: this policy does not include the hospitalization service or surgical interventions in clinics, hospitals and health centers, but includes consultations with doctors and specialists and diagnostic tests.

 

If you don't have Health insurance yet, don't hesitate to ask us for a comparison of the best healh insurance here.

Where can I get the best Health insurance?

That's an easy one! If you want to compare the best insurance companies and get an effective and quick service with English speaker specialists contact us!

Telephone: +34.93.268.87.42

WhatsApp: +34.627.627.880

Email: [email protected]

ASK FOR A FREE HEALTH INSURANCE QUOTE
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Inov Expat : Who are we?

INOV Expat is an insurance brokerage firm aimed at expatriates in Spain and Portugal

INOV Expat is right there to help you: giving you the best advice on insurance, in English!

In fact, after 14 years, INOV Expat, an insurance brokerage firm, specialises in insurance for French and English-speaking expatriates in Spain and Portugal, at their destinations. As insurance professionals, we’ve signed partnership agreements with the best insurance companies in the market. All INOV Expat consultants are expatriates who will be able to advise you best in the language of your choice (English, French, Russian, Spanish, Portuguese…)

Ask you free quote online : car, health, home, life, travel, others. Look at our website inovexpat.com or contact us by e-mail at [email protected], by telephone at +34.93.268.87.42 or whatsApp +34.627.627.880

 

INOV-Expat---CMJN_SansFond-petit-Blog

27 Nov 2020

Community Insurance in Spain: All you need to know in 6 questions

by Julia Jannin | with 0 Comment | in home page, Sin categoría
Community Insurance in Spain: All you need to know in 6 questions

Community Insurance in Spain: All you need to know in 6 questions

Communities of property owners and building is exposed every day to multiple risks which require the availability of urgent and necessary services to face them. It is therefore important to take out insurance, called in Spanish “seguro de comunidad” for the peace of mind of all neighbors.

What does Community insurance cover?

Community insurance (also called communities and buildings insurance) covers risks which damage the habilitability and confort which all comunities must provider to ther owners and families.

The insurance protects the common parts of a building and the civil liability of the co-ownership.

Is Community insurance compulsory in Spain?

In Spain, communities and building insurance is not compulsory at national level, although it is strongly recommended. According to the Horizontal Property Law (LPH):

Art 9: “it is necessary to have a reserve fund; an annual sum to cover conservation and repair work on the building or work resulting from fires or floods. ”

With the reserve fund, the co-ownership can sign an insurance contract covering the common parts. Although at the state level no law requires it, there are specific regulations in some provinces as Madrid and Valencia.

Does Communities and building insurance cover my apartment?

No, the community insurance ("seguro de comunidad" in Spanish) does not cover damage to your flat. For this, you must take out a home insurance policy. You can request a quote by clicking here

The communities and building insurance will cover claims in the common areas. Your home insurance will cover damage to your personal content and your liability insurance.

Is water damage covered by the Community insurance?

As a rule, most insurance companies include water damage caused by water mains in their basic coverage. Coverage for private pipes is optional.

What are the main covers?

The basic covers are as follows:

  • Civil liability: for damage that may be caused to third parties (for example: slippery staircase, falling tile causing damage to a third party, etc.)
  • Material damage, such as fire, explosion, lightning or atmospheric phenomena,
  • Water damage
  • Communities assistance: include a 24/7 assistance service, 365 days a year
  • Pest control, fumigation and disinfection services: 1 full service / year (with revision every 6 months) to eradicate the proliferation of cockroaches, moths, rats, etc., in the various common áreas.
  • Unblocking communal pipes
  • Glass breakage or mirrors in common áreas
  • Legal defense

Who should subscribe the  community insurance?

It is the Communities of property owners and building which must take out the insurance "Comunidad". If in the statutes of the community established that the subscription of an insurance policy is compulsory, any owner may require that it be taken out by community.

How much does the Communities and building insurance insurance cost?

The insurance premium varies depending on the optional cover included but it can vary between 70 and 150 euros per year and per accommodation.

You can request an insurance comparison for your building by clicking here

If you don't have Community and building insurance yet, don't hesitate to ask us for a comparison of the best Community and building insurance here.

Where can I get the best Community and building insurance?

That's an easy one! If you want to compare the best insurance companies and get an effective and quick service with English speaker specialists contact us!

Telephone: +34.93.268.87.42

WhatsApp: +34.627.627.880

Email: [email protected]

ASK FOR YOUR COMMUNITY AND BUILDING INSURANCE QUOTE HERE
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Inov Expat : Who are we?

INOV Expat is an insurance brokerage firm aimed at expatriates in Spain and Portugal

INOV Expat is right there to help you: giving you the best advice on insurance, in English!

In fact, after 14 years, INOV Expat, an insurance brokerage firm, specialises in insurance for French and English-speaking expatriates in Spain and Portugal, at their destinations. As insurance professionals, we’ve signed partnership agreements with the best insurance companies in the market. All INOV Expat consultants are expatriates who will be able to advise you best in the language of your choice (English, French, Russian, Spanish, Portuguese…)

Ask you free quote online : car, health, home, life, travel, others. Look at our website inovexpat.com or contact us by e-mail at [email protected], by telephone at +34.93.268.87.42 or WhatsApp +34.627.627.880

INOV-Expat---CMJN_SansFond-petit-Blog

24 Nov 2020

Contractors All Risks construction insurance: What does it cover?

by Yohan Leuthold | with 0 Comment | in Sin categoría
Contractors All Risks construction insurance: What does it cover?

Contractors All Risks construction insurance: What does it cover?

Why take out Contractors All Risks construction insurance (CAR)?

The purpose of All Risks construction insurance (CAR) is to cover material damage occurring on the construction project (example: fire, landslide, incorrect operation of a machine, etc.)

The policyholder is generally the promoter, the main contractor or the private or professional client. Banks are also very susceptible by taking out this insurance since they can be indirectly affected by the damage suffered by the work, constituting their main and often only guarantee for the recovery of their credits. These entities are normally listed as beneficiaries of these contracts.

It is a temporary insurance and will cover all accidental damage occurring on the site.

What are the main guarantees?

The insurance will cover any damage to construction if the damage or material loss produced is a direct consequence of an accidental and unforeseeable cause.

For example, the main guarantees are:

  • Conventional risks: fire, explosion, lightning, theft, collisions, shocks, etc.
  • Natural hazards: Wind, hail, rain, snow, frost, storm, flood, overflows, subsidence, landslides, landslides, earthquakes, etc.
  • Specific risks inherent in execution: human errors, material faults, execution faults, etc.

What would be the sum insured ?

completion of the work. Therefore, it is not necessary to be guided by neither the value indicated in the project (in some cases lower) or the selling value (higher if the land and operating profits are included).

The insurance policy should be taken out before work has started or if it has just started.

What information do I need to receive an insurance quote?

  • Nature of the work
  • Quote
  • Works duration

If the work affects the structure, the Project of construction “memoria de obras” will be necessary.

If you do not have an All Risks construction insurance, do not hesitate to ask us for a comparison of the best insurance here

As you can see, insurances for construction are a little bit complicated. Julia Jannin, Managing Director of Inov Expat is an expert. If you have any questions, please do not hesitate to contact her directly by phone on +34 93 268 87 42 or through WhatsApp on +34 627 627 880 or by email: [email protected] 

CONTRACTORS ALL RISKS CONSTRUCTION INSURANCE QUOTE
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Inov Expat : Who are we?

INOV Expat is an insurance brokerage firm aimed at expatriates in Spain and Portugal

INOV Expat is right there to help you: giving you the best advice on insurance, in English!

In fact, after 14 years, INOV Expat, an insurance brokerage firm, specialises in insurance for French and English-speaking expatriates in Spain and Portugal, at their destinations. As insurance professionals, we’ve signed partnership agreements with the best insurance companies in the market. All INOV Expat consultants are expatriates who will be able to advise you best in the language of your choice (English, French, Russian, Spanish, Portuguese…)

Ask you free quote online : car, health, home, life, travel, others. Look at our website inovexpat.com or contact us by e-mail at [email protected], by telephone at +34.93.268.87.42 or whatsApp +34.627.627.880

INOV-Expat---CMJN_SansFond-petit-Blog

CONTRACTORS ALL RISKS CONSTRUCTION INSURANCE QUOTE
18 Nov 2020

Construction insurance in Spain: how to choose the right one?

by Julia Jannin | with 0 Comment | in home page, Sin categoría
Construction insurance in Spain: how to choose the right one?

Construction insurance in Spain: How to choose the right one?

Julia Jannin,  Managing Director at Inov Expat, helps us to better understand how insurance that protects construction in Spain works.

Three legal obligations

In Spain, the construction sector is regulated by the LOE (Ley de ordenación de la Edificación) of 5/11/1999.

This law consists in making the various stakeholders and actors of a yard accountable, by imposing on them three guarantee obligations (commitment). The first one is subject to compulsory insurance: Decennial insurance. The second is optionally insurable: “Seguro trienal” insurance, it comes in addition to decennial insurance. However, there is no insurance for the third: Manufacturer's warranty, in the event of a claim, the manufacturer will have to pay the costs himself. These three legal obligations have a duration in time:

Construction insurance

Decennial insurance (COMPULSORY)

Decennial insurance is mandatory for the constructor in the case of new constructions where the work affects the structure of a building.

Example of a claim covered by Decennial insurance : once the work has been carried out, significant cracks appear on the walls of a house. These filtrations are due to a foundation wich unsuit the nature of the soil.

It has been mandatory in Spain since May 6, 2000.

The insured capital is the total cost of the yard, including the fees of all those involved in the site, licenses and taxes.

 

The insurance "seguro trienal"

In order to be fully insured, the “seguro trienal” insurance must be included to be covered for 3 years on the issues of:

  • Waterproofing of roofs and terraces
  • Waterproofing of facades
  • Secondary works and installations

So, there are two insurances which cover the legal obligations of engagement, and only one of the two is legally obligatory. However, this is not the only mandatory insurance on construction sites. Indeed, there are two other insurances that the developer must take out: 

Insurance collective accidents (COMPULSORY)

The collective agreement makes it mandatory to take out Accident insurance in order to cover work accidents that could occur on the site.

The delivery guarantee (COMPULSORY)

The developer must take out this insurance in order to protect the consumer from bad works. It can occur in many cases such as a construction delay, a bankruptcy filing, a price overrun, etc.

Finally, there are two complementary insurances that are not mandatory for the promoter:

 

Civil liability insurance

Please note that professional civil liability is not mandatory in the construction industry except for architects, engineers and yard managers. It is of course highly recommended.

 

All-risk construction site insurance 

This insurance is essential to cover damage against accidental risks affecting a construction site. The main guarantees are theft of materials, fire, meteorological phenomena (flood, lightning, water damage, etc.), negligence and design errors. If you want to know more about this insurance, please read our dedicated article here.

 

As you can see, insurances for construction are a little bit complicated. Julia Jannin, Managing Director of Inov Expat is an expert. If you have any questions, please do not hesitate to contact her directly by phone on +34 93 268 87 42 or through WhatsApp on +34 627 627 880 or by email: [email protected] 

If you do not have Construction insurance, do not hesitate to ask us for a comparison of the best insurances:

DECENNIAL INSURANCE FREE QUOTE
CONSTRUCTION ALL RISK INSURANCE QUOTE
CIVIL LIABILITY INSURANCE FREE QUOTE
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In this article, we have dealt with the following construction insurance: decennial insurance, "seguro trienal" insurance, collective accident insurance, delivery guarantee, civil liability insurance, all risk insurance.

Julia Jannin

Contact Julia Jannin by phone:

+34 93 268 87 42

or by email:

[email protected]

 

Inov Expat : Who are we?

INOV Expat is an insurance brokerage firm aimed at expatriates in Spain and Portugal

INOV Expat is right there to help you: giving you the best advice on insurance, in English!

In fact, after 14 years, INOV Expat, an insurance brokerage firm, specialises in insurance for French and English-speaking expatriates in Spain and Portugal, at their destinations. As insurance professionals, we’ve signed partnership agreements with the best insurance companies in the market. All INOV Expat consultants are expatriates who will be able to advise you best in the language of your choice (English, French, Russian, Spanish, Portuguese…)

Ask you free quote online : car, health, home, life, travel, others. Look at our website inovexpat.com or contact us by e-mail at [email protected], by telephone at +34.93.268.87.42 or whatsApp +34.627.627.880

 construction insuranceINOV-Expat---CMJN_SansFond-petit-Blog

30 Oct 2020

Company Civil Liability Insurance: all you need to know in 3 questions!

by Yohan Leuthold | with 0 Comment | in Sin categoría
Company Civil Liability Insurance: all you need to know in 3 questions!

Company Civil Liability Insurance: all you need to know in 3 questions!

As a professional, you can cause damage and injury to third parties and it is important to take out liability insurance that is adapted to the specific risks of the company.

Why take out Civil Liability insurance?

By law, you are required to repair any material damage, bodily injury and consequential damage caused to a third party. Every business must take out an insurance policy in order to get a coverage that protects it as well as possible.

What are the types of liability insurance?

There are several types of civil liability:

Employer's liability insurance: covers claims related to bodily injury suffered by employees as a result of an industrial accident for which the company is responsible.

Product liability insurance: covers claims related to damage caused to a third party by the product manufactured and / or supplied by the company.

Business liability insurance: covers claims related to material or bodily damage and indirect damage caused to third parties in the context of the insured activity. To learn more about this insurance read the following article.

Rental liability insurance: covers the tenant against any consequence of a fire / explosion or water damage.

Professional Liability Insurance: covers the liability of a company following errors, omissions or negligence in the performance of professional activity which causes economic or material damage to a third party. To learn more about this insurance read the following article.

Liability insurance for directors and officers (D&O): covers and protects the personal assets of directors and officers of a company or association against claims they receive as a result of damage caused to the company, shareholders or to third parties resulting from management errors. For more information about this insurance read the following article.

How much does civil liability insurance cost?

Civil liability

Insurance coverage and costs vary depending on the activity you want to insure.

LIBERTY Offer ( until 26/05/2021) :

company civil liability

  • Corte inglés gift card of 30€ for any insurance with a minimum premium of 200 euros, 60€ if premium over 400€/year and 100€ if premium over 600€/year.

If you do not have Civil Liability insurance, do not hesitate to ask us for a comparison of the best insurance here

If you have any questions, please do not hesitate to contact us directly by phone on +34 93 268 87 42 or through WhatsApp on +34 627 627 880 or by email: [email protected] 

CIVIL LIABILITY INSURANCE QUOTE

Inov Expat : Who are we?

INOV Expat is an insurance brokerage firm aimed at expatriates in Spain and Portugal

INOV Expat is right there to help you: giving you the best advice on insurance, in English!

In fact, after 14 years, INOV Expat, an insurance brokerage firm, specialises in insurance for expatriates in Spain and Portugal, at their destinations. As insurance professionals, we’ve signed partnership agreements with the best insurance companies in the market. All INOV Expat consultants are expatriates who will be able to advise you best in the language of your choice (English, French, Russian, Spanish, Portuguese…)

Ask you free quote online : car, health, home, life, travel, others. Look at our website inovexpat.com or contact us by e-mail at [email protected], by telephone at +34.93.268.87.42 or whatsApp +34.627.627.880

28 Oct 2020

Differences between Business Liability and Professional Liability

by Yohan Leuthold | with 0 Comment | in Sin categoría
Differences between Business Liability and Professional Liability

Differences between Business Liability and Professional Liability

Business Civil Liability insurance or also called General Civil Liability covers damage caused in the course of the company's activity. Business liability and professional liability seem quite similar, but they are different concepts.

Insurance that includes professional liability cover mainly covers economic damage resulting from errors, omissions or negligence in the performance of the professional activity. Professional RC is generally very useful for independent professionals such as doctors, lawyers or architects, whose activities present risks to their clients as they develop their business. In contrast, most activities involve risk. (IT companies, translators, consultants, Marketing agencies….)

Examples of claims related to professional liability insurance

Marketing and communications professionals, for example, are exposed to claims related to negligence (simple typographical errors, use of an image protected by copyright, etc.)

liability

Example of a claim related to business liability insurance

A customer enters to a commercial shop and falls because the floor was slippery. He breaks his arm and his glasses. In this case, the shop is responsible for personal damage (broken arm) and material damage (broken glasses). The customer mayrequire the  payment of medical costs and repair of the glasses. The business liability insurance will cover these costs.

LIBERTY Offer ( until 26/05/2021) :

company civil liability

  • Corte inglés gift card of 30€ for any insurance with a minimum premium of 200 euros, 60€ if premium over 400€/year and 100€ if premium over 600€/year.

If you do not have Civil Liability insurance, do not hesitate to ask us for a comparison of the best insurance here

if you have any questions, please do not hesitate to contact us directly by phone on +34 93 268 87 42 or through WhatsApp on +34 627 627 880 or by mail: [email protected]

CIVIL LIABILITY INSURANCE QUOTE

 

Inov Expat : Who are we?

INOV Expat is an insurance brokerage firm aimed at expatriates in Spain and Portugal

INOV Expat is right there to help you: giving you the best advice on insurance, in English!

In fact, after 14 years, INOV Expat, an insurance brokerage firm, specialises in insurance for expatriates in Spain and Portugal, at their destinations. As insurance professionals, we’ve signed partnership agreements with the best insurance companies in the market. All INOV Expat consultants are expatriates who will be able to advise you best in the language of your choice (English, French, Russian, Spanish, Portuguese…)

Ask you free quote online : car, health, home, life, travel, others. Look at our website inovexpat.com or contact us by e-mail at [email protected], by telephone at +34.93.268.87.42 or whatsApp +34.627.627.880

27 Oct 2020

The D&O insurance: Everything you need to know

by Julia Jannin | with 0 Comment | in Sin categoría
The D&O insurance: Everything you need to know

The D&O insurance: Everything you need to know

What is Directors & Officers Liability Insurance?

A Directors & Officers insurance or D&O insurance, is a liability insurance that protects the members of the administrative body of a company and the persons of the company who hold management positions and whose decisions are binding on the company.

Who is this insurance directed to?

This insurance is intended for managers, directors and officers of companies or associations seeking to guarantee their personal liability and protect their assets against claims by third parties (suppliers, creditors, employees, shareholders, etc.) arising from their decisions and management.

The policyholder of the insurance must be the company (SME, large company or association).

 What does the D&O insurance cover?

D&O insurance is mainly used to cover the defense costs of directors and officers (legal costs, costs and fees) incurred in defending a claim which may include recourse costs and incorporation costs and any possible compensation to which they are condemned by the courts for the accomplishment of a wrongful act, either by action or by omission

D&O Insurance

Why do you need D&O insurance?

  • Because it protects your assets and those of the company against unforeseen events in the development of the business.
  • Because it offers peace of mind against any claim arising from your position or mandate.
  • Because today, the risks associated with running a business do not only affect large companies, but also small and medium-sized companies.

 What types of incidents does D&O insurance cover?

  • Claims from creditors and suppliers for defaults, violation of commercial agreements, etc.
  • Lawsuits by your employees for dismissal, breach of contract, discrimination, harassment, etc.
  • Prosecution of competitors for unfair competition, industrial espionage, etc.
  • Prosecution of partners and shareholders for mismanagement and for not having taken the right decisions in the management of the company.
  • Complaints from public bodies and authorities for non-compliance with rules and regulations.

If you do not have D&O insurance, do not hesitate to ask us for a comparison of the best insurance here.

If you have any questions, please do not hesitate to contact us directly by phone on +34 93 268 87 42 or through WhatsApp on +34 627 627 880 or by email: [email protected]

D&O LIABILITY INSURANCE QUOTE

Inov Expat : Who are we?

INOV Expat is an insurance brokerage firm aimed at expatriates in Spain and Portugal

INOV Expat is right there to help you: giving you the best advice on insurance, in English!

In fact, after 14 years, INOV Expat, an insurance brokerage firm, specialises in insurance for expatriates in Spain and Portugal, at their destinations. As insurance professionals, we’ve signed partnership agreements with the best insurance companies in the market. All INOV Expat consultants are expatriates who will be able to advise you best in the language of your choice (English, French, Russian, Spanish, Portuguese…)

Ask you free quote online : car, health, home, life, travel, others. Look at our website inovexpat.com or contact us by e-mail at [email protected], by telephone at +34.93.268.87.42 or whatsApp +34.627.627.880

 

 

26 Oct 2020

Everything you need to know about Professional Liability Insurance

by Julia Jannin | with 0 Comment | in Sin categoría
Everything you need to know about Professional Liability Insurance

Everything you need to know about Professional Liability Insurance

No one is exempt from making a mistake or neglecting a detail, which is why it is essential for a company to have Professional Civil Liability insurance adapted to its activity.

What does professional liability insurance cover?

It covers liability derived from errors, omissions or negligence in the performance of professional activity which result in economic, personal or material damage to a third party.

Is professional liability insurance compulsory?

Professional liability insurance will be compulsory for activities related to health care (doctors, dentists, etc.) but also for engineers, architects, technicians, travel agencies or insurance brokers. However, many other activities are likely to need them such as consultants, translators, IT / marketing company because the risks or disputes can be numerous.

Typical example of a professional civil liability claim:

A company hires the services of a marketing consultant to design the new company brochure. Due to an error in the interpretation of e-mails, an older version is printed. The brochures are not correct and cannot be delivered during the official presentation. In this case, the consultant is responsible for the damage caused. Professional liability insurance will cover the repair of this error.

professional liability insurance

Jefe Vectores por Vecteezy

How do I get a professional liability insurance quote?

To receive a professional liability insurance quote, you must provide:

  • CIF / NIE
  • estimated turnover
  • number of employees,
  • activity area

 

LIBERTY Offer ( until 26/05/2021) :

company civil liability

  • Corte inglés gift card of 30€ for any insurance with a minimum premium of 200 euros, 60€ if premium over 400€/year and 100€ if premium over 600€/year.

If you do not have Professional Liability insurance, do not hesitate to ask us for a comparison of the best insurance here

if you have any questions, please do not hesitate to contact us directly by phone on +34 93 268 87 42  or through WhatsApp on +34 627 627 880 or by email [email protected]

PROFESSIONAL CIVIL LIABILITY INSURANCE QUOTE

 

Inov Expat : Who are we?

INOV Expat is an insurance brokerage firm aimed at expatriates in Spain and Portugal

INOV Expat is right there to help you: giving you the best advice on insurance, in English!

In fact, after 14 years, INOV Expat, an insurance brokerage firm, specialises in insurance for expatriates in Spain and Portugal, at their destinations. As insurance professionals, we’ve signed partnership agreements with the best insurance companies in the market. All INOV Expat consultants are expatriates who will be able to advise you best in the language of your choice (English, French, Russian, Spanish, Portuguese…)

Ask you free quote online : car, health, home, life, travel, others. Look at our website inovexpat.com or contact us by e-mail at [email protected], by telephone at +34.93.268.87.42 or whatsApp +34.627.627.880

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