At Arkwright, we know that the insurance requirements of an office insurance can differ from business to business. This is why we insist on discussing our customer’s requirements rather than offering generic “off-the-shelf” office insurance products. By tailoring your insurance to the circumstances of your business, we can offer policies that offer suitable cover options and the best value for money. We can adapt to the needs of both small office insurance and commercial office insurance requirements.
It’s important that your business office premises are properly insured. Similar to your home, there is a range of covers that you need to consider that will provide protection for your buildings, contents, fixtures, and stock.
Your office premises need to be covered for risks, for instance, fire, storm flood. The responsibility lies upon you if you are the owner of the premises, however, if you have rented the premises then your landlord will be responsible, but in instances, you may be liable to pay towards the insurance depending on your contract or lease with the landlord.
Very similar to your home insurance, the business contents should be insured against fire, theft, damage, food and so on. It is vital that all contents are insured properly and correctly to a value of new for old ‘reinstatement’ in order to avoid average payout instead of full payout on total losses in cases of under insurance.
Some insurers will calculate the contents and fixtures and fittings together however some may ask you for a split. Fixtures and fittings usually include items such as shelving, racking, counters, carpets, fitted machinery and so on.
Cover for shop fronts of your office or surgery can also be included for items such as glass, signage, awnings, lighting etc.
Stock is insured on a separate basis to the above, again it is vital that you ensure the stock to the maximum of any one time, however, insurers may include seasonal increases for free e.g some insurers will give an automatic uplift of maybe 20% to 40% without needing you to declare increase in stock all the time.