Office Insurance
Whether an office operated by a big business or a small business, both the contents and the function of the office will be very different from what was seen in business not so very long ago. So, comprehensive insurance cover to protect the business is vital to ensure that this business is able to continue to function, despite a fire, burglary or other mishap.
Only a few years ago, typical office contents would comprise desks, chairs, filing cabinets, typewriters, stationery and, in a more sophisticated business, perhaps even an electronic calculator.
The picture is very different now. Even a small business will typically have a range of sophisticated electronic office equipment – desktop computers, laptops, laser printers, photocopiers – all vital to keep the business functioning. All very expensive and therefore very appealing to the criminal community looking to equip their home with a state of the art IT system. And that’s not to mention buildings if owned by the business, money, signs, plate glass and all the other items that are at risk of loss or damage.
Insurance will provide protection against unforeseen incidents and accidents in the office to keep the business functioning. What is often overlooked however is the cost to a business in losing valuable information that both a large business and a small business needs to operate. An example of this is the record of book debts, i.e. what is owed to the business by suppliers and customers, something particularly close to home in tough economic times. Office insurance will provide cover for the loss of book debts.
Another important aspect of office insurance is cover for business equipment when removed outside the office. This will typically be small business items such as laptops used by employees working from home or out of the office on business. Cover can also be provided for equipment used at exhibitions and trade fairs.
So, office insurance is not quite as simple as at first it may seem. To ensure that a large or small business can keep operating with the minimum of interruption, office insurance cover should be arranged that is suitable for the business. An insurance broker can offer expert and impartial advice, and provide quotes from a range of insurance companies. As importantly, an insurance broker will also provide after sales service, such as when the business is unfortunate enough to suffer an incident leading to a claim.
