Office Insurance in the UK
If you are the owner of an office building or require cover for the buildings & contents, it is essential your get the correct level of cover. Insurance for Offices can be for the buildings only, where you can have cover for all standard perils (such as fire, theft, flood, storm or malicious damage) and your legal liability to the public. The standard property owners liability limit is £2 million and can be increased to £5 million if required.
The liability section of a buildings only policy will cover you for your legal liability to the public & third party property damage – think of strong winds from a storm dislodging a tile or guttering from your building and causing damage to a nearby car or, injuring a person who is passing by. This is why having a buildings insurance policy is essential if you are the owner of the building and letting the premises to a tenant, such as an accountant’s office or solicitor’s office for example. If you are trading from the premises, it also essential to have your building insured along with the contents. A buildings and contents office policy can cover fixtures & fittings, Property Owners Liability & Employers Liability if you have employees.
Employers Liability is essential for Offices and will provide cover for your employees up to £10 million. Many office package policies can have optional extras such as legal expenses or terrorism cover added if required. If is often a requirement of many mortgage companies that terrorism cover is included as part of any buildings insurance policy.