Introduction

Any business that operates out of an office will benefit from the peace of mind of Office Package insurance. Even a business run from a home office should consider having office cover.

What is Office Package Insurance Cover?

As the name suggests, Office Package Insurance is a bundle of required coverages for businesses. Coverage should be customized specifically for each business.

Importance of Office Package Insurance

Today, many businesses are not run out of rented or owned premises but nonetheless need Office Package Insurance. For example, in today’s economy, every business has (at least!) one computer – to safeguard your company’s computer hardware and software, you’ll need Office insurance.

Why do you need Office Insurance Cover?

Office Insurance protects your business against costs relating to physical loss or damage to contents, business interruption following a loss, liability claims, loss due to fraud and employee dishonesty, and business equipment and portable devices lost or damaged when away from the office, such as laptops and smartphones. What is typically covered?

Typical Coverage

• Office contents
• Computer equipment and software
• Computer system breakdown
• Damage as a result of theft/attempted theft
• Re-creation costs for valuable papers
• Re-creation costs for accounts receivable
• Business interruption
• All risks for portable equipment
• Sewer backup
• Sign coverage
• Goods in transit
• Employee dishonesty
• Inside robbery
• Outside robbery
• Depositors forgery

Who should have Office Package Cover?

No matter the size and nature of your business, all companies should cover contents, business documents, themselves, and their premises against claims, whether of a physical, liability, contents, business interruption, or loss of accounts, software, and document data nature.

Conclusion

Properly customized Office Package cover can mean the difference between continuing operations and bankruptcy when your business faces unforeseen and unfortunate incidents and costly consequences.