Do You Have Office Insurance?
Property damage, lawsuits, and theft can be devastating for a small business owner. If you lease office space, you’re required to have insurance in place for your office contents and to protect your business against liability claims.
An office has three important aspects that any good insurance policy should offer protection for.
- Your premises and equipment (buildings and contents insurance)
- Your staff and customers (public and employer’s liability insurance)
- The costs of an interruption to your business’s ability to operate (business interruption insurance)
What’s protected with business insurance?
Property, crime, and liability can all fall under your specific office insurance policy. Since every business is different, no two office insurance policies are likely to be the same.
Property
- Office contents
- Computer equipment, including software
- Computer system breakdown
- Hot water tank explosion
- Sewer back-up
- Signs
- Property in transit
- Damage caused by theft
- Valuable papers replaced
- Accounts receivable replaced
Crime
- Depositors forgery
- Employee dishonesty
- Inside robbery
- Outside robbery
Liability
Liability coverage protects you in case of lawsuits that arise as a result of visitors getting injured on your premises. If you are sued, the policy provides you with a lawyer and pays the court judgment costs if you are found at fault for the injury.
Office insurance ensures that your business stays sustainable amidst risks and uncertainties. It’s best to keep your business as covered as possible–if you haven’t considered office insurance yet or want to know more about why this coverage might be great for your company, give us a call today!
