About Office Insurance
A number of insurance companies have designed a specific
insurance product to cover the insurance requirements
of a business conducted within an office environment.
Office insurance products are designed for professional
practices such as accountants, medical practitioners,
solicitors, architects, engineers, information technology,
travel 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.
A number of insurers in Australia provide a specific
office insurance product. These include CGU Insurance
Limited, Allianz Australia Insurance Limited, QBE Insurance
Australia Limited and other insurers. Other insurers
do insure office risks, the extent of cover provided
is not as expansive as the specially designed office
insurance products.
Insurance is About...
Insurance is about understanding your risks and exposures
and then deciding risks you are happy not to insure
and risks you wish to transfer to an insurer by paying
an insurance premium. For example you may decide it
is not worth paying a premium to insure against accidental
breakage of fixed window glass or similar.
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