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Insurance for service companies
Service companies work at their clients' premises, with large workforces and contracts that require specific cover. Their risk lies in their people and in liability.
Activities we advise on
Oller Brokers has been an insurance broker since 1952. It advises service companies on the design, placement and review of their insurance programmes, with access to more than 70 insurers.
We advise service companies with large workforces and professional firms. We review the whole programme or the policy required by a client or a tender to improve cover and terms.
- Professional firms and consultanciesLawyers, advisers, auditors, consultancies, engineering firms, professional firms, etc.
- Industrial maintenance and installationIndustrial maintenance, electrical and HVAC installers, assembly work, etc.
- Security, cleaning and facility servicesPrivate security, cleaning, facility management, ancillary services, temporary staffing, etc.
Risks and cover
Choose a risk to see which insurance covers it in the programme of a company in the sector.
Risk
Professional errors
Client claims over advice, a report or a service that was not properly delivered.
How it is covered
Risk
Damage at the client's premises
Damage caused while working at the client's premises or on the client's property.
How it is covered
Risk
Workforce accidents
Accident cover required by collective bargaining agreements.
How it is covered
Risk
Client and tender requirements
Limits, certificates and guarantees required by contracts.
How it is covered
Risk
Service fleets
Technicians' vehicles and mobile equipment.
How it is covered
Insurance they typically need
Every company is different. These are the policies that carry most weight in the programme of a company in the sector.
- Professional indemnityClaims for errors or omissions in the services provided.
- General liabilityDamage to third parties caused by the business activity and premises.
- Collective agreement accident coverThe accident benefits required under the collective bargaining agreement.
- Surety insuranceGuarantees to public authorities and clients, instead of a bank guarantee.
- FleetsCompany vehicles, on fleet terms.
- D&OClaims against directors and officers for their management decisions.
- Cyber insuranceIncident response, business interruption and data-related claims.
- Employee benefitsHealth, life, accident and savings as part of the remuneration package.
- Key personFinancial loss to the business if a key person is lost.
Two ways to get started
Full programme review
We analyse all your policies together: duplicated cover, gaps, sums insured, deductibles and exclusions. We then present alternatives from different insurers.
Review of a specific policy
A renewal with a premium increase, a contract requiring new cover or a poorly resolved claim. We examine that policy and look for better terms.
Large risk programmes
A medium-sized or large company does not need a stand-alone policy, but someone to design, place and defend a complete programme. That is what we have been doing since 1952. See more
- Risk analysisWe study the business's activities, facilities, contracts and claims history. Working with specialist firms, we also offer a risk management service.
- Properly valued sums insuredWe review insured values and business interruption so that a claim payment is not reduced due to underinsurance.
- Access to the whole marketMore than 70 Spanish and international insurers, underwriting agencies and Lloyd's through coverholders.
- Co-insurance and excess layersWhen a risk exceeds one insurer's capacity, we spread it through co-insurance and structure it in as many excess layers as needed.
- International programmesFor groups with subsidiaries outside Spain, we coordinate international programmes that comply with each country's regulations.
- In-house claims teamSupports the business from notification through to settlement and defends its position with the insurer.
Frequently asked questions
What is collective agreement accident insurance?
Insurance that covers the death or disability benefits the collective bargaining agreement requires the company to pay. It should be reviewed every time the agreement changes.
Does general liability cover me if I cause damage at a client's home?
It depends on the policy. Many exclude damage to the property being worked on; we check that this cover is included.
What does a consultancy's professional indemnity cover?
Client claims for errors, omissions or negligence in the service, including legal defence.
Other sectors
Can't see your sector? We work with businesses in every field.
Let's talk about your business
We review your insurance programme, or the policy you're concerned about, with no obligation.