There are several different types of office insurance policies that you should consider for your business. These include:

• Public liability insurance: Provides protection if your business activities kill or injure a member of the public who is visiting your premises. As the owner of your business, making sure that your office is as risk-free as possible is your responsibility, but if the worst should happen and an accident occurs then public liability insurance will ensure you’re covered for any compensation claims.
• Employers’ liability insurance: This is a legal requirement if you employ any member of staff (including permanent, temporary, contractors or freelancers). The minimum level of protection is £5m, which will cover the cost of compensation claims if they get injured or ill whilst working in your office.
• Business interruption insurance: Provides cover for financial losses if your business can’t operate from its premises as normal as a result of perils such as fire, major theft or a flood.
• Commercial buildings insurance: Do you own your own office premises? If so, you’ll need to arrange for cover in the event of damage caused by events such as flooding, fire, bad weather or theft. This type of policy covers permanent fixtures such as toilets, kitchens, display units and built-in cupboards, and you’ll be able to claim for a total rebuild as well as repairs.
• Commercial contents insurance: This insurance provides cover for the contents of your office, such as chairs, desks, computers and any other office equipment. Office contents insurance will provide cover for any damage or theft, and it’s important to ensure that you have calculated the total cost of this correctly – if the worst were to happen and you have under-insured, you could be left out of pocket.
• Specified all risks: Provides for loss or damage to specified equipment such as laptops and mobile phones whilst they are away from the business premises.
• Business assets insurance: Provides cover for the things that your business needs to operate from your premises, such as computers, mechanical equipment, tools, machines and stock.
• Cyber insurance: Provides cover against data breaches or cyber hacks that affect your computer systems and networks.
• Stock insurance: Provides cover in the event that your stock is damaged or stolen from your office.
• Theft of takings insurance: If you take payments in cash or your business deals in cash, then you may want added protection in case of theft from you, anyone working for you or your premises. In addition, this type of insurance will also cover money that is in transit during your office hours or that is left locked in your office overnight.
• Legal Expenses: Cover in the event of employment disputes, legal defence costs, contract disputes, Tax, VAT, PAYE and NIC investigations and more.
• Directors and Officers Insurance: Directors’ and officers’ insurance (also known as D&O insurance or management liability insurance) will protect your business if a claim is made directly against the directors and officers of your company. Even if you’re the owner of a limited company, personal claims can still be made against you, and therefore a D&O insurance policy can provide invaluable protection.

These are just examples of some of the types of office insurance policies that we look after at The Yorkshire Broker. As we know that no two businesses are the same, speak to us today to find out which policies will best meet your needs.