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Company director in a meeting, Allianz directors and officers insurance in Spain

D&O insurance for directors in Spain

Run your company and take difficult decisions without a management mistake ending in the seizure of your bank accounts or your home. Allianz D&O insurance defends directors and officers against claims from creditors, shareholders, employees or the tax authorities, advances civil and criminal bail and protects you and your family financially. Explained in English.

Defence costs, civil and criminal bail and protection for your family’s assets if you’re personally sued as a company director. Explained in English.

Check my personal exposure

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Legal defence costs and civil or criminal bail advanced icon

Legal defence costs and civil or criminal bail advanced

Cover extended to your spouse and heirs icon

Cover extended to your spouse and heirs

Protection against secondary tax liability icon

Protection against secondary tax liability

What’s covered

Management risks covered by our D&O policy

Legal defence, bail and guarantees icon

Legal defence, bail and guarantees

We pay legal defence costs from the first minute, and provide the civil bail, bank guarantees and even criminal bail that courts may require from directors following a claim.

Secondary liability for tax debts icon

Secondary liability for tax debts

Covers your losses and defence costs when you're personally pursued as secondarily liable for the company's debts to the tax office or Social Security.

Protection for spouses and partners icon

Protection for spouses and partners

If a claim against you targets assets you share with your spouse or registered partner, the policy extends its protection to prevent the seizure of family assets.

Employment practices claims icon

Employment practices claims

Full defence against claims from your own employees alleging harassment, unfair dismissal or discrimination arising from your management or HR decisions.

Administrative fines and investigations icon

Administrative fines and investigations

Cover for formal investigations by public bodies with sanctioning powers, including administrative fines arising from inspections and the cost of the necessary legal representation.

Reimbursement to the company icon

Reimbursement to the company

Reimburses the company, where the law allows, when it has initially paid the losses or defence costs of the insured directors.

Eligibility

Conditions and eligibility for D&O insurance

Conditions and eligibility for D&O insurance

Turnover icon

Turnover

The company's annual turnover must not exceed €25 million.

Financial soundness icon

Financial soundness

The company must have positive equity and consolidated accounts with no insolvency proceedings.

Clean history icon

Clean history

No prior knowledge of serious management errors likely to lead to a claim, and no claims in the last 36 months.

Private company icon

Private company

Available to privately held companies only (not listed on a stock exchange).

Good to know

Running a Spanish company as a foreign director: four things to know

A limited company doesn't always protect you icon

A limited company doesn't always protect you

Directors of a Spanish S.L. or S.A. can be held personally liable for damage caused by acts contrary to the law or the company's bylaws, and for company debts if they fail to act when the company is legally required to be wound up.

A limited company doesn't always protect you icon

A limited company doesn't always protect you

Directors of a Spanish S.L. or S.A. can be held personally liable for damage caused by acts contrary to the law or the company's bylaws, and for company debts if they fail to act when the company is legally required to be wound up.

The tax office can come after you personally icon

The tax office can come after you personally

If the company doesn't pay its taxes or social security, the authorities can open a procedure to make its directors secondarily liable for those debts (derivación de responsabilidad).

The tax office can come after you personally icon

The tax office can come after you personally

If the company doesn't pay its taxes or social security, the authorities can open a procedure to make its directors secondarily liable for those debts (derivación de responsabilidad).

Foreign and non-resident directors too icon

Foreign and non-resident directors too

The same duties apply whether you live in Spain or abroad, and whether you're a sole director (administrador único) or on a board. Many expat-owned companies have a single director who carries all the risk.

Foreign and non-resident directors too icon

Foreign and non-resident directors too

The same duties apply whether you live in Spain or abroad, and whether you're a sole director (administrador único) or on a board. Many expat-owned companies have a single director who carries all the risk.

D&O is not general liability icon

D&O is not general liability

General liability protects the company against damage to third parties. D&O protects you, the individual, against claims for your management decisions. They complement each other.

D&O is not general liability icon

D&O is not general liability

General liability protects the company against damage to third parties. D&O protects you, the individual, against claims for your management decisions. They complement each other.

Check the real risk to your personal and family assets as a company director

Under Spanish law, creditors, employees or public authorities can, in certain cases, claim directly from the company’s director, lifting the protection of the limited company. A financial decision, an unpaid tax bill or an employment dispute can end in your bank accounts and your spouse’s property being frozen. Use our D&O Exposure Radar for a quick check of your legal exposure, and see how Allianz D&O insurance protects your private savings by advancing bail and providing specialist legal defence.

D&O Exposure Radar

Answer to check the risk to your personal assets.

Have you signed off dismissals or restructurings?

Any employment dispute can end in a personal claim against you.

Yes
No

Do you share marital assets with your spouse?

A claim against you can freeze your partner's accounts and property.

Yes
No

Do you manage large tax or social security payments?

The tax office and Social Security can make you personally liable for company debts.

Yes
No

Are you a director of other subsidiaries?

Decisions in companies you hold stakes in also expose your assets.

Yes
No

Personal asset check

Risk level:Not assessed yet

Your Allianz D&O shield

  • Advance of civil and criminal bail to prevent your bank accounts from being frozen.
  • Specialist legal defence for directors and officers.

Answer the questions to see exactly which covers will protect your personal savings.

FAQs

Directors & officers insurance: frequently asked questions

AMB Seguros is an exclusive Allianz agency in the Region of Murcia advising company directors, boards and foreign-owned businesses. We arrange D&O insurance in complete confidence so that no business decision puts your family home at financial risk, with advice in English.