Entrepreneurship in Spain is an exciting adventure, but it also involves risks. From securing your business to protecting your income and your team – a good insurance plan will allow you to focus on growing your project without unnecessary worries.
Every business is unique, and that’s why at Dylsi, we help entrepreneurs identify the specific risks of their activity and design bespoke protection. Below, we explain the main types of insurance that an entrepreneur may need.
1. Protection for your business
As an entrepreneur, your business is your source of income, and your financial stability depends on its operation. These insurance policies help you protect your business against unforeseen events that may affect your ability to work or the facilities in which you operate.
Commercial or Office Insurance—Whether you work in an office, own a shop, or run an industrial workshop, this insurance protects your workspace against damage such as fire, theft, or vandalism, ensuring that your investment is safe.
Sick leave insurance – If an illness or accident prevents you from working, this insurance guarantees a monthly income to cover your fixed personal and business expenses. It is essential for self-employed and small business owners who depend on their daily activities to generate revenue.
Life insurance – guarantees financial stability in the event of death or disability, ensuring that your loved ones can continue their projects and meet their expenses with peace of mind.
Health insurance—Time is money when you’re an entrepreneur. Health insurance gives you access to private medical care without long waits, ensuring a speedy recovery so you can get back to work as soon as possible.
2. Protection against third-party damages
All business activity entails responsibility. From claims for accidental damages to digital threats, this insurance protects you against possible lawsuits or economic losses caused during your professional activity.
•Liability Insurance – is one of the most important insurances for any entrepreneur. If your activity damages third parties, whether they are clients, employees or suppliers, this insurance covers the costs of compensation and legal defence. In some sectors, it is even compulsory.
• Digital Risk Coverage—An increasing number of companies, large and small, are suffering cyber-attacks or losing sensitive data. This insurance protects you against digital threats such as hacking, information theft, and online fraud, avoiding financial losses and protecting your business’s reputation.
3. Protecting your team and building loyalty
If you have employees, their well-being is also key to your business’ success. Offering adequate insurance is a way to protect your team and attract and retain talent.
• Accident Insurance – In some sectors and labour agreements, this insurance is compulsory and covers accidents that may occur at work. It guarantees protection for both the employer and the employee.
• Life insurance for partners or key people—In many businesses, there are people whose role is crucial to the company’s continuity. Life insurance for partners or key employees helps protect the company against unforeseen events that could affect its leadership or financial stability.
• Health Insurance for employees – This is one of Spain’s most valued social benefits. Offering your employees access to private healthcare improves their satisfaction and productivity, reduces sick leave, and generates a better working environment.
Every business is unique: personalised advice from Dylsi
Every business and every entrepreneur has different needs and concerns. Therefore, the insurance policies we present here are a general reference. That’s why at Dylsi, we don’t just offer you insurance but also comprehensive advice to help you understand the specific risks of your activity and make informed decisions.
If you want to know which insurance policies and strategies are best suited to protecting your business, we invite you to fill in our Professional Risk Awareness Form. Based on the information you provide, we will send you a non-binding practical report, including insurance recommendations and preventive measures to mitigate risks without needing additional insurance.
Protecting your business is an investment in its future. At Dylsi, we are here to accompany you every step of the way.
