Office insurance is provided for business owners to protect their office, business contents, employees and customers, under a comprehensive policy.
If your business operates from an office, it is probably wise to consider covering the contents of your office on a General Office Insurance Policy. This looks to cover your contents as standard and will usually include cover for your office equipment if it is accidentally damaged, lost or stolen.
If you work from an office location then it is wise to consider taking out office insurance. This will protect you if an incident occurs that prevents you from accessing the office.
Having a policy in place will allow your business to keep running, even if the office premises are not available.
Most office insurance policies will also give you the option to arrange cover for the building if you own the building, rather than rent it. You will also be given the option to add a business interruption cover or increased cost of working cover to the office insurance.
This would help to provide financial compensation if the business was to suffer a loss of profit following damage insured under your material damage insurance. A good example would be a fire or flood, where you could incur additional expenditure moving to alternative premises until all repairs had been carried out.
‘All risks’ cover for laptops and other portable equipment can normally be added for a small additional charge. Legal expenses cover is now also offered by most insurers.