Office Insurance Perth
What is Office Insurance?
Office Insurance is designed for people who operate their business from an office. For example, medical and health businesses, financial services, consultants and administrative services businesses to name a few.
Every business is different and will have different Office Insurance requirements. For example, some will need cover for glass breakage or ‘business money’ that is kept on the premises, and others will only require cover for damage to their office and burglary.
Phoenix Insurance Brokers can work with you to tailor an Office Insurance policy that provides the right cover for your business.
Whether you work from home and need a home office insurance policy, or you need commercial office insurance, your local Phoenix Insurance Broker can help.
Your Office Insurance can be packed up as part of your broader business insurance policy, so all your business insurance requirements are covered under one policy, with only one premium to pay. And, you can opt to pay this premium monthly as opposed to annually to help with cash flow. Contact us to talk about your Office Insurance requirements or get a quick quote for your Office Insurance online.
Please note, if you are comparing policies for office insurance online, it makes sense to discuss these with your experienced Phoenix Insurance Broker to make sure you have fully understood the fine print and that you’re comparing like with like i.e. the level of excess, what’s actually included and replacement value for equipment.
Have a look at the following video which captures the potentially disastrous experience of an Australian business and how their Business Interruption insurance got them back to work as quickly as possible, saving them time, money and stress.
Office Insurance may be one component of your overall Business Insurance policy. Other related Business Insurance products you may need to obtain comprehensive cover for your business include:
Frequently Asked Questions
What Does Office Insurance Cover?
Office Insurance covers property and activities relating to your occupation as an office-based professional. Phoenix Insurance Brokers can customise your office insurance from the following types of cover:
- Damage by fire and perils
This includes damage to your building premises and its contents (and the associated clean up) caused by fire and ‘perils’. For example, wind, hail, storm, lightning, water, volcanic eruptions and falling objects.
- Accidental damage
This covers you for damage that occurs suddenly as a result of an unexpected and non-deliberate external action or an unintentional one-off incident that harms your property or its contents. It can also cover you for lost accounting information caused by an accident, and the reasonable costs associated with the rewriting or reconstructing of records and books of accounts.
- Business interruption – loss of profits
The interruption to trading following a fire or another insured event can often have more serious financial implications for your business than the actual damage itself. Business Interruption Insurance covers the shortfall in your business income caused by the interruption to your business after an insured loss.
- Burglary – theft following forcible entry
This provides you with cover for items stolen and damage to your office building and contents in the event of a break-in or burglary.
You can also be covered for business-related money stolen from your premises that are held in a bank safe or is stolen in transit. This typically includes cover for damage to your premises and your safe.
Glass cover insures you against breakage and the replacement costs of internal and external glass and signs. It can also include the cost of new signwriting on the replacement glass, the replacement of burglar alarm tapes, as well as costs for temporary boarding or replacing damaged window frames.
- Electronic portable equipment i.e. laptops, Australia wide
Cover can be arranged for your computers and electronic equipment in the event of fire, theft and breakdown.
Please note, if your business has customers visiting your premises and you also provide opinions or advice to those customers, you are well-advised to consider and Public Liability Insurance and Professional Indemnity Insurance.
How Much Is Office Insurance?
Insuring your office and protecting your livelihood and assets doesn’t have to be expensive.
The cost of Office Insurance is dependent on various factors and risks. Typically, a premium cost is based on:
- The type of business i.e. sole proprietorship, corporation, etc.
- Your business' goods or services
- The number of employees
- Your salary totals
- The nature of your business and what employees do each day
- Your business risks i.e. if staff are involved in heavy lifting or exposed to dangerous machinery
- Your assets and equipment i.e. vehicles, machinery, supplies and their values.
Do I Need Insurance If I'm Leasing an Office Space?
When leasing a commercial space, depending on the type of business you run, it is common for a landlord to require you to take out insurance for:
- public liability
- workers compensation
- plate glass and
- all risks.
It is not necessary that you take out Office Insurance per se, but it is advisable so that the contents of your office are covered should something unforeseen occur. Your landlord’s building insurance will cover the physical building, but you are well-advised to cover your office contents, such as your equipment and computers, as a minimum.