Obligations · Collective agreement insurance
Collective agreement insurance: what it is and when it binds
The accident policy required, where it is required, by the collective agreement that applies to the company's activity.
No general statute creates it: the agreement does. That is why two companies of the same size can have different duties, and why the first step is not asking for a price but knowing which agreement applies and what its insurance article says, if it has one.
When it comes up
The labour adviser flags that the sector agreement requires a policy and nobody at the company knows whether one is in force.
A workplace accident happens and the family claims the capital the agreement sets, which the company pays from its own pocket if there is no policy.
The company changes activity and with it the agreement that applies, without the policy being revisited.
A new agreement is signed with different capital sums and the policy still carries the old ones.
What it usually covers in the Spanish market
- Death from a workplace accident
- The capital the agreement sets for the beneficiaries, with the triggering event and the scope the agreement itself defines.
- Permanent disability following an accident
- Total, absolute and severe disability, at the degree and capital the agreement's wording recognises.
- A capital sum the insurer does not set
- The agreement sets it. The policy is taken out to cover exactly that commitment, no more and no less, and that is where the differences show up.
- A term tied to the agreement
- When the agreement is renewed or revised, the duty can change even if the policy stays as it was.
What it usually does not cover
It does not replace social security contributions or the benefits that flow from them.
It does not cover the company's liability towards third parties.
It does not cover administrative penalties or fines.
It does not cover non-work accidents or ordinary illness, unless the agreement itself includes them.
The legal dispute that follows is not handled by this policy: that is legal protection insurance, a separate line taken out separately.
What the initial review looks at in this case
Which collective agreement applies to your activity and what its insurance article says, if it has one.
Whether the capital, the degrees and the beneficiaries of your current policy match those in the agreement, which is where the gap shows.
What happens as people join and leave, and to the term when the agreement is renewed.
Start with the initial risk review
Before talking policies, we analyse your case in writing: which agreement applies to you, what it requires and what your current cover answers for. Free of charge and without commitment: we reply within 1 business day and indicative delivery is one week.
Policy purchase is not available yet: we are building our carrier panel.
Indicative description. A company's actual obligations depend on its activity, its headcount and the collective agreement that applies to it; the exact scope of any cover is set by the wording and limits of the policy taken out.