Overview of Buying the Correct Office Insurance Policy
Insurance is probably one of the most important purchases a business will incur and will also cause some headaches along the way to find the best one to suit a business. As each business is different, insurance needs will vary greatly. It is very important to gather the appropriate knowledge to make sure that the correct insurance policy is bought for the office.
Why Choose Office Insurance
It is essential to have office insurance as unfortunately whether we like it or not accidents happen. While running an office may not seem a risk, there is still the chance of slips and falls or a weather-related catastrophe in some regions and of course there is always the risk of burglary. Employees and contents need to be protected at all times.
Office Property Insurance
There are quite a few different areas which need to be insured when running a business. Property insurance needs to be in place whether the business is big or small, owned or leased. This type of insurance will cover all equipment, furniture, inventory, etc. in the event of flooding, fire, theft, storm and so on. When the office is in an area afflicted by severe conditions such as earthquakes, hurricanes and the like, then extra insurance should be sought as the standard policy will not cover these instances.
Workers’ Compensation Insurance
Workers’ compensation insurance should be in place once the first employee has been hired. This insurance will need to cover all medical needs, death benefits in the event of a death in the office and disability in the case of an accident whilst in the workplace. Even in the safest of office environments there is always the risk of slips and fall related injuries and indeed other medical conditions which will need attention. Otherwise these could easily turn into a pricey claim.
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