Office insurance covers a wide field. The building itself should already be covered by whoever owns the building but you'll need to protect your stock and equipment, and you may want professional indemnity cover in case you are sued for an alleged error and you may want business interruption cover in case your work is disrupted. If you employ anyone you will probably need employer's liability insurance.
Lloyds underwriter Hiscox fist started in 1901 underwriting marine risks and the business is now a Bermudan based insurer operating throughout most of the world, and is listed on the London Stock Exchange. Their office insurance policy can be tailored to your needs but basically they can cover damage as a result of storm, break-in, theft, flood or fire to your buildings, fixtures and fittings, stock and equipment, computers and laptops, and even the pictures on the walls. They can also provide policies designed for professionals such as web designers, IT consultants, architects or accountants, all of whom have particular risks.
Brokers Xbridge Limited, under their trade name Simply Business, claim to be one of the UK's biggest business and landlord insurers. They deal mainly with owner-managed businesses and compare multiple business insurance quotes with insurers such as AXA, Churchill, AIG, Zurich and others, as well as their own brands: Finsbury, Maltings and Chiswell. In year ending December 2020 they turned over nearly £100 million. You can choose from a number of different options such as contents, stock, buildings, public liability and professional indemnity cover and then you can get quotes online.
Homeprotect provide cover for people who are running a business from a home office. They cover both full and part time businesses, and cover can extend to garden buildings as well. Business equipment such as computers, printers, laptops and office furniture can be covered and public liability for business visitors to the house is included in their standard policy. You could also include your home insurance, and contents cover can include stock as well as office equipment. Homeprotect is a trading style of Avantia Insurance Limited who are in turn owned by Kingston Topco Limited, which in the year ending December 2019 turned over £18.3 million.
Direct Line are aware that running an office with many employees is a different proposition to a single person working in a home office so they provide an online quote tool so that you can specify exactly which covers you want included in the policy, and which ones you don't. Since business needs can change quickly they allow for alterations to the policy without administration fees. Covers that can be included in a policy include the usual public liability, professional indemnity, employers liability, contents and equipment, business interruption and buildings risks, but also theft of takings, and cyber cover in case your IT system is hacked or compromised in any other way.
Superscript was originally known as Digital Risks and the business is owned by Enro Limited, a private limited company which began life in 2014. They concentrate on small businesses and offer insurance that can be paid for monthly and which can also be altered or cancelled on a monthly basis too. They are a team of about 60 people, servicing (they claim) the insurance needs of thousands of businesses in many different specialities. Of particular interest to those with offices to insure they offer the usual public liability, business contents, employers liability, and professional indemnity cover. Cyber insurance is also available to protect against hacking, malware, data breaches, ransomware and denial of service attacks; as well as D&O insurance, which protects directors and officers of a company against the consequences of accusations of mismanagement. This is particularly useful for those who are seeking investment and who could be sued if a deal went wrong, or could be accused of breaching regulatory standards.
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