OFFICE INSURANCE

Office Insurance is a specifically tailored business insurance policy for professional practices such as accountants, medical practitioners, legal professions, architects, engineers, information technology offices, travel agents, management consultants, employment agencies and businesses where the exposure is essentially an office risk.

The office insurance product is not designed for manufacturing enterprises.

It is important to recognise that no insurance policy can cover everything. In most cases, where an office insurance product is suitable, there is a need to consider additional insurance products such as professional indemnity, workers' compensation, travel, directors' and officers' liability and other forms of insurance.

An office insurance product is designed to indemnify the insured against physical loss or damage to assets, the additional costs associated with a loss and subsequent reduction in income and your legal liability (public liability) to pay compensation for bodily injury or damage to property: all subject to the issued policy terms, conditions and limitations as expressed.

Each office insurance policy comprises a number of policy sections providing insurance against specific risks, exposures and legal liabilities. The insured can select policy sections to suit their insurance needs.

There is no requirement to select all policy sections although care should be taken and professional advice sought when considering having uninsured exposures. Again, the main policy exclusions relate to professional indemnity risks and workers' compensation liabilities.

Office Insurance covers available include:

• Fire and Defined Events/Accidental Damage
• Consequential Loss (Business Interruption)
• Theft
• Glass and Signs
• Money
• Employee Dishonesty
• Goods in Transit
• Legal Liability
• Tax Probe
• Machinery Breakdown (Incl. Deterioration of Stock)
• General Property (Portable Property)
• Computer Equipment

Office Insurance Policies are tailored and specifically worded for office applications. Always remember that if you are unsure as to whether you need a particular form of cover, speak to us at Alliance for professional, tailored insurance solutions.