What does this insurance cover?
The BBVA Allianz D&O SME policy offers the following coverage:
- Legal representation and defense fees, image crisis management fees.
- Legal expenses for claims involving pollution.
- Reimbursement of expenses to defend against improper labor practices.
- Civil and criminal bonds, insolvency guarantees, as well as subsidiary tax liabilities.
What are the requirements?
To take out this insurance, you will have to meet the following requirements:
- Your company's turnover must not exceed 25 million euros.
- Other conditions it takes into account:
- Have consolidated financial figures available. For newly created companies, the forecast data for the end of the current year, based on their business plan.
- Have positive equity.
- Not be traded on a stock market.
- Statement of solvency.
- Not being aware of improper acts.
- No claims in the previous 3 years.
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