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If your business operates in an office, then just as you have insured the business, so will you have to get comprehensive office insurance. Doing so will provide you with coverage against damage and other problems that could endanger the safety of your employees and assets.
Why should you get office insurance?
Well, the office isn’t just the space you own or rent from your landlord, but also the place where you keep all the equipment, accessories and so on. More than that, it is the place where you have all of your employees working every day, so the last thing you want is to have to deal with damages or injuries that you might be held liable for. Getting office insurance would provide you with a financial lifeline in case something bad happens as well as make sure that you won’t need to deal with repairs or other problems from your own pocket or from the business’ budget. There are many options that can provide you coverage for all key areas of your office.
Getting buildings insurance
The first thing you want to obtain coverage for is the building. It’s your company’s headquarters and you can’t risk having it damaged with no way to pay for the repairs. If this is just rented from a landlord, then it would be his responsibility to get insurance, but if you own it, then it is your own responsibility. You want office insurance to cover for damage caused by fire or floods. That can damage or weaken the structure of the building and the last thing you want is to be faced with huge repair bills you wouldn’t be able to pay. You can also get coverage for damage occurring to floods as these can wreak havoc in the building, affecting walls, the floor and even penetrating the foundation.
An important thing you should be aware of is that, in the case of a catastrophic event, the insurance company will most likely cover the cost of the rebuilding, but this must be specified before you sign the office insurance policy. You should get a professional to help you assess the value of the property, as well as how much it would cost to rebuild the entire building. Failing to do that might result in you getting less money than needed to rebuild and be left in a nightmarish situation.
Insuring your assets
Another thing you want to cover is all the assets your business has on the premises. That may go from the usual computers and appliances to highly expensive gear and equipment. You could risk losing them all to a fire or having a few of them damaged in a flood, and without office insurance you won’t get any coverage. It is also important to call an evaluation expert here as well, as you want to agree on a sum of money that would replace all the equipment if the building gets destroyed. You also get to cover for the theft of belongings and possessions which would ensure that you won’t have to replace them unless you or one of your employees haven’t taken the necessary security measures, a thing which would invalidate the office insurance.
Make sure that you correctly assess as well as specify the value of the assets within the building in order to make sure that the insurance company will cover everything that gets damaged or destroyed with the right price. Also don’t forget to get an office insurance quote to check that you are actually adequately insured.
Coverage for fixtures and other goods
You should be aware of the fact that insuring the assets and goods won’t extend the coverage over fixtures and fittings. What this means is that you must make a clear difference between the equipment and appliances you have from the fittings that are fixed things such as shelves, carpets, sales counters and the like. In case your office has a side that is exposed to the premises, then you might want to get office insurance that provides coverage for shop front cover and other exposed elements as well. Not only that, but you may also want to extend the coverage over windows, locks, signage posts and other similar assets. In case you keep any stock in the office, you also need to make sure that you specify it in the insurance policy. And you don’t just have to mention it, but also estimate its value, so that you get the money it would take to replace it in case it gets stolen or damaged from fire, flood or any other hazard.
If the space is rented from a landlord, then he is the one liable for any accidents that might happen on the premises due to faulty wires or dislodged slabs on the floor. In case you own the property, then you surely need to get office insurance to get liability coverage as well. The last thing you want is to have one of your employees electrocuted or injured and be held liable for the injury. Everyone seems to sue these days, and you could end up in court and be forced to pay damages that can reach huge sums of money. With liability coverage you may get covered for up to 2 million pounds in case you do end up in court and make sure you won’t have to pay out of your own pocket.
Emergency repairs coverage
Another great idea would be to get office insurance for emergency repairs. Imagine what would happen if the pipes broken and you’d have an immense flood on your hands. Forget about getting coverage for damaged carpets and appliances, you want to problem, solved right then and there. For these kinds of situations, the emergency repair coverage is just what you need. If you have a power outage due to a faulty electrical wire or a short circuit blows the fuses, then you can also rest assured that a qualified electrician will come to fix the problem in the shortest amount of time possible, and the best part is that you won’t have to pay a single penny from your own pocket. This type of coverage can provide you with around the clock technical support that can fix anything at any time and ensure that your business won’t be affected for too long.
If you want to find a suitable insurance plan for your office, then search through Hemitz.co.uk and check all the great offers. Compare prices, features, extras or premiums and decide which one works best for you. Also make sure that you specify your core business activity. This should be done in order to make sure that you are getting the right product for your needs. In addition to that, you also need to be careful to check that all the items you need coverage for are offered. You should also review the wording policy and read carefully and in detail.
Compare office insurance offers and shop for the one that protects your best interests and which provides you with full coverage in all the key areas of your business.