Salary loss insurance

Reliable insurance for Spaniards and foreigners: protection against salary loss

Income loss insurance is protection for your earnings in case of dismissal or job loss. This service is suitable for both Spaniards and foreigners working in Spain. We help you choose the optimal insurance package that will ensure your financial stability in difficult situations.

200 € 1 week

Our capabilities and skills

We know how to choose an insurance package that will fully cover your losses in case of job loss.

We ensure that all legal aspects are observed to avoid problems in the event of an insured event.

Our consultations help you understand all the nuances of insurance, avoiding mistakes and unnecessary expenses.

We help to quickly settle insurance claims, minimizing your losses and stress.

Service implementation stages

Advice on choosing an insurance package that suits your needs.

Analysis of your financial obligations and selection of optimal insurance conditions.

Execution of an insurance contract taking into account all your wishes and requirements.

Support in the event of an insured event and assistance in resolving issues.

We have answers to all your questions

Final result

You receive guaranteed payments if you suddenly lose your job. This allows you to search for a new position with peace of mind, fully covering essential expenses and maintaining financial stability. You do not risk being left without means, as the insurance company covers part or all of the income you are used to receiving.

200 € 1 week

Frequently asked questions

What is salary loss insurance?

This is a type of insurance in which the insurance company pays you a certain amount if you lose your job for reasons beyond your control.

Is it possible for a non-resident of Spain to take out insurance?

Yes, many insurance companies provide this opportunity to foreigners, provided they have an official employment contract and the necessary documents. We help to clarify all legal aspects and arrange the policy correctly.

What happens if I decide to quit myself?

If the dismissal occurred by your own choice or due to a disciplinary violation, the policy will not apply. Usually, insurance only covers involuntary dismissal without your fault.

Will the insurance help if I lose income due to a long-term illness?

There are specific programs that cover work incapacity due to illness. Salary loss insurance usually applies to dismissal, but additional options may be available.

Is it possible to include a spouse in one policy?

Salary loss insurance is usually taken out individually.

Do you help select programs taking into account part-time employment?

Yes, if you work part-time or on a flexible schedule, there are specialized products that consider these conditions and income characteristics.

What if I find a new job before the payment date, how will this affect the insurance?

In most cases, payments stop as soon as you start receiving a stable income again. The conditions depend on the policy, so it is important to check all the details in advance.

What cases does such insurance most often cover?

Usually, staff reductions, company bankruptcy, or other situations where the employer terminates the employment relationship through no fault of your own are covered. The exact list of circumstances depends on the terms of the selected policy.

How long can I receive payments after losing my job?

The payment period depends on the terms of the contract: usually it is from 3 to 12 months. Some programs offer a longer period. We will select the best option for your situation.

Is it necessary to prove the dismissal?

Yes, the insurance company requires documents proving the reason for dismissal. This may include a layoff letter, a certificate of company liquidation, or other official papers.

How is the cost of the policy calculated?

The amount of contributions depends on the industry, work experience, salary, and other risk factors. We analyze all data to find the optimal balance between cost and coverage.

Does the insurance company pay severance pay upon dismissal?

Most often, the insurance company compensates for wages, not severance pay.

Is it necessary to confirm your income periodically?

Some insurance companies may request updated income statements, especially if your salary has changed or you have been promoted.

Is it possible to take out a policy if I am a freelancer or self-employed?

Yes, but the conditions will differ from insurance for salaried employees. There are special programs for freelancers and self-employed individuals that consider their specific income structure and risks.