Many small to medium-sized businesses work out of offices today. With the decline of manufacturing industries and the rise in professional services and IT industries more than seventy five percent of small businesses today are based in and carry out their business activities in an office building of some sort or rented office floor space.
If you run your business from an office, you will need Office Insurance, which is a specialist commercial insurance package designed to provide all risks cover for the offices property and workers liability.
One of easiest ways for a small businessman to find an office policy that is right for the business, is to use an online commercial insurance comparison website.
There are many websites today that will return multiple cover and premium quote comparisons for office cover from a very simple form, giving the would-be policy purchaser a much wider choice of insurance for offices in a very short time period. most good office insurance comparison websites will have the option to compare covers offered as well as prices, giving the buyer a good understanding of what cover they are purchasing.
Comparing policies and purchasing cover online can be done by either the owner of the premises, the owner occupier of the building, the tenant or anyone with a material interest in the office involved.
For example a small business commercial property developer might own a few floors of space in a modern office complex which he lets out to tenants. This landlord would probably only be interested in covering the office’s buildings and fixed property whilst the tenants who rent his space would have an interest in covering all the contents and liabilities that the activities of the small business might incur.
An office insurance policy for small business such as you will find online, will provide all the covers that a small business with up to fifty workers could need and be at risk from.
These include buildings and contents office property insurance and liability insurance consisting of basic public liability to cover visitors to the offices, employers liability for each employee and office worker to protect against staff accident at work claims and where appropriate professional indemnity insurance to protect the business against claims for wrongful advice.
Office insurance packages that typically are compared online, vary by provider with different limits of cover, excesses and package covers. Be sure when comparing policies at a comparison site to check that business interruption and consequential loss covers are included as standard. This cover enables your business to re-establish itself on a temporary basis elsewhere following a catastrophic claim, until repairs are effected.