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Collective Agreement Insurance

Collective bargaining agreements are agreements between the company and its staff to regulate, for example: establishing wage scales, pension commitments and, in our case, compensating the employee or their heirs for the consequences of death or disability due to an accident or occupational disease.The purpose of these agreements is to ensure safety and provide protection for workers.In many agreements, accident insurance is mandatory and failure to comply exposes the company to fines and financial penalties, as it is considered a very serious violation. In addition, the company must pay compensation.

Here are some examples of sectors where collective agreement accident insurance is mandatory under the agreement:

Construction sector collective agreement

Industrial sector collective agreement

Services sector.

Medical staff and healthcare personnel.

Financial sector.

Before contracting, we will carry out the following steps with the company:

1.We consult the company’s sector agreement at this link:
Ministry of Labour and Social Economy (mites.gob.es)

Moreover, within each sector, the agreements may vary and also depend on the negotiations of the parties involved.
This is how we verify whether there is an obligation to take out this insurance and its requirements.2. Application of the agreement according to the geographical scope—national, provincial, or regional. The minimum sum insured and coverages are stipulated in each agreement.
3. We compare market offers and advise on additional coverages that can give the company an advantage with its employees. Talent retention often depends on company policies offering additional benefits to employees.

Collective agreement insurance

In this type of insurance, the worker is better protected than under the company’s liability insurance, since death or disability is covered not only in cases of breach or negligence by the company, but also as the result of an accident from any cause.

The insurance may cover permanent disability due to illness if this is stipulated by the collective agreement or if it is an occupational disease.

As part of the after-sales work we are carrying out, we review the number of employees with you and send it to the insurer so that your policy is always up to date.