Whether you run a startup or a multi-branch corporation, you need to put pillars in place to protect the longevity of your operation. Working with Welsh businesses day-in, day-out, we at Towergate Insurance have defined a huge appetite for Office Insurance; an insurance product that supports your business against the risks it needs to.
Bringing various cover under into one package, an Office Insurance policy is generally broken down into three sections:-
- Buildings and contents insurance (protecting your premises and equipment)
- Public and employers’ liability insurance (covering your staff and customers)
- Business interruption insurance (protecting outgoing costs should you have to stop trading for a period of time)
While there are some standard features that we would recommend to any business, here at Towergate Insurance we are hugely focused on building bespoke solutions, covering businesses based on their industry, premises, staff numbers and assets.
Key features of Office Insurance
Towergate Insurance focus on building bespoke solutions, getting to know our customers before recommending insurance cover to suit their industry, premises, staff numbers and assets.
Here are some features we believe can benefit all business owners:
Public liability insurance – Though you will go to great lengths to ensure your office is a safe place, accidents inevitably happen. Public liability insurance covers loss, damage or injury to a third party on your premises. So, if a client falls on your premises and registers a claim against you, your Public Liability policy will pay out if an at-fault claim was lodged.
Employer’s Liability insurance – As a business owner you are equally as responsible for the safety of your staff; something an Employer’s Liability policy will help you with. By investing in an Employer’s Liability policy, you ensure you have the funds at hand to compensate a member of your staff for injury or damage. It also worth noting that the legal minimum cover is £5 million.
Office Buildings insurance – A buildings Insurance policy is only the responsibility of the person that owns the commercial property. So, if you are a tenant, this will be a matter your Landlord would deal with. In essence, Office Buildings insurance covers you against the cost of repairing damage to the structure of your office.
Business interruption – One thing that can harm your business more than anything else is interruption, deterring you and your team from your day-to-day duties. This is where Business Interruption cover can help; covering your business expenses if you are unable to continue trading from your property. This includes costs such as rent, overheads, wages and other expenses to keep your business operating.
Office contents insurance – Office Contents insurance covers items not fixed in your office building. These are things such as desks, computers, cabinets; photocopiers etc.
For more information contact [email protected]
Towergate is a trading name of Towergate Underwriting Group Limited
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