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01827 313 931
What is Office Insurance?
Office insurance is a package policy which can cover your assets (computers, fixtures and fittings etc), your liabilities (public and employers) and earnings (future income) under a single insurance policy.
What drives the premium for Office insurance and how can I get it cheaper?
The main factors in Office insurance are what you do and where you’re based.
Insurance companies have a massive database of claims for all types of professions in all parts of the UK, so they have a good idea what premium they need to charge you. Factors which can help bring the cost down usually relate to improving the security (approved alarm, CCTV, improved locks) at the premises.
What does Office Insurance actually cover?
The basic policy will cover damage to your assets by a list of specified perils including fire, lightning, explosion, aircraft, riot, vandalism, storm, flood, burst pipes, impact, theft and subsidence.
It can also be extended (and we would always recommend this) to include accidental damage. That way, you’d be covered if, for example, someone spills gloss paint all over your furniture or accidentally broke a computer by knocking it off a desk.
Once the core cover has been triggered this will allow you to claim for loss of income if you can’t trade.
It also covers Public Liability (in case someone enters your premises and for example, slips on the floor) and Employers Liability (as required by law, in case a staff member gets hurt in the course of their employment).
The policy will also often include damage to glass, loss of money and can be extended to cover legal expenses and terrorism damage too.
How much does Office insurance cost?
It depends on so many factors but the main ones are what you do, where you are based and what assets you need to insure.
Inner city businesses have a far higher chance of a claim than ones in rural locations so that massively affects the premium too.
Have a question?
Our team is
here to help!
One of our team will talk to you about your current circumstances in order to advise the best way forward. If you’d prefer to visit us at our offices in Tamworth, feel free to pop in! Just check our office hours on Google to make sure we’re open.
Yes. Even though you are working from home and not from a bespoke commercial premises, your home insurance will NOT cover your business assets, nor will it cover injuries or accidents to your staff or to business visitors in your home.
Yes. We just need to know the value and where you could be travelling, whether UK-wide or worldwide for example.
Yes, if you have a financial interest in it. Otherwise the owner of the building should insure it, as you cannot insure something in which you have no insurable interest.
Without office insurance, whatever damage is caused to your property you’ll have to pay for, Likewise, if someone gets injured on your premises, especially if they are an employee, it’ll come out of your pocket and that could be REALLY expensive.
Should you need to make a claim, make Prizm Solutions your first port of call. As your broker, we are here to help. If your call is out of hours, all insurers operate 24/7 claims lines, and we’ll inform you of these when you take out the policy.
At Prizm, we primarily deal with Aviva, AXA, RSA, NIG, Lloyds Underwriters, Hiscox, Zurich, QBE, Allianz, Travelers, AIG, Covea, Jensten, MS Amlin, Victor, MI Commercial, Folgate, Ecclesiastical, Commercial Express and Arch although the companies offering this insurance may change as the market changes.
If you need to make a claim on your insurance, you need to call your insurance broker or insurance company straight away.
If you have a policy with Prizm Solutions, then you simply call us.
As your broker, we are here to help – and we will provide you with all the contact numbers you need to deal with a claim when you take out the policy.
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Prizm Solutions Limited
First Floor
The White House
16/20 Church Street
Tamworth
B79 7DH
Prizm Solutions Ltd are authorised and regulated by the Financial Conduct Authority.
Prizm Solutions Ltd are registered in England and Wales, Registration Number: 05936749, Registered Address: First Floor, The White House, 16/20 Church Street, Tamworth, B79 7DH.
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We’re here to assist you to put plans in place, to help provide you with some protection from those unexpected curveballs that can be a normal aspect of everyday life!
So, let us help you find the right cover for you.
01827 313 931
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