Office buildings insurance - what you need to consider

28 Oct 2009

That's because business life is full of risk and even in an ordinary office, accidents and problems can arise. If you're the owner of the business and/or the property, then it'll be you and your finances that carry the cost of such problems unless you have appropriate insurance in place.

A selection of just some of these potential problems may include:

• Accidents to your buildings. Although it may seem obvious, your building or office environment could suffer problems due to fire, floods, subsidence and so on;
• Accidents to your contents. Whether as a result of natural disasters, vandalism, theft or burglary, your office equipment and stock could also be at risk;   
• Accidents to members of the public. Anyone injured on or by your property, or that has their property or possessions damaged in similar circumstances, may have a right to look to you for financial compensation. The insurance that covers this type of risk is usually referred to as public liability insurance;
• Accident to employees. If you employ staff, in most situations it will be obligatory to have employers' liability insurance. Your staff can have accidents or be otherwise injured in the legitimate pursuit of your business. If that happens, they will usually have a legal right to claim against you. If the accident is sufficiently serious, the costs could be staggering.
  

At times you may see signs up in a business premises saying words to the effect of "Customers use these premises at their own risk". Don't be fooled - in fact, such disclaimers are often worthless - if people are injured around your premises then there is a fairly good chance you'll be reaching for your chequebook unless you have office buildings insurance that provides good public liability cover.

Getting the right form of insurance is not always easy though and finding the best deal can be even more of a problem. There are a large number of options and some, at times, confusing terminology around. That's where we can help!

As part of Europe's largest independent insurance intermediary, we have the professionalism and products that can help you ensure that you have adequate protection in place. As an example, all our business insurance packages contain at their heart public liability insurance as standard. All you need to do is choose the sum insured.  

So, even though we can't stop you receiving claims, our products can help to protect you from financial ruin. If you're worried about your exposures in this important area and are thinking about office buildings insurance, why not contact us.

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