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Combined Insurance Policies For Offices
Office Insurance
Running any kind of office, regardless of your business’ work, comes with a fair share of risks. It could be damage to the building caused by a fire, a break-in that results in your essential equipment being stolen or an employee making a claim for a workplace injury. All of these, without the right insurance in place, could lead to costly setbacks that disrupt your business.
At East Yorkshire Insurance Brokers (EYIB), we can help protect your office and give you peace of mind by helping you take out the correct business office insurance policy. Whether you own the office building or rent a workspace, we can help you find the right level of protection to help safeguard against unexpected events.
Trusted by 250+
Local Businesses
Access To Over 300
Insurance Markets
Our Clients Rate
EYIB 4.9/5 Stars
Trusted By 250+ Local Businesses
Access To Over 300 Insurance Markets
Our Clients Rate EYIB 4.9/5 Stars
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What Is Office Insurance?
What Is It?
“Office Insurance” is actually a colloquial term to quickly describe a number of different covers, all of which are usually vital for businesses operating from an office premises, no matter the specifics of what they do. The policies which are included in commercial office insurance are normally there to protect a business against things like; property damage, theft, or legal claims.
We can provide your business office insurance that covers everything from the building itself to the essential equipment inside and make sure to guide you and explain what it all means as a way of getting you the cover that will actually meet the demands of your business.
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Why Choose EYIB For Office Insurance?
Why Choose EYIB
Over a Decade of Experience
With many years of experience, we know exactly what covers need to be included depending on what a business is doing in its day-to-day operations and can make sure you get the right policy.
Over 250 Local Clients
More than 250 local businesses rely on EYIB to protect them with the right covers, with us you can be sure you have a broker who’ll understand your business and get the right level of protection in place.
Over 300 Markets
We compare policies from over 300 different insurance providers in order to be able to secure the best coverage at a competitive price.
Years Experience
Local Businesses Insured
Insurers
Our Insurance Partners
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What Covers Are Included In Office Insurance?
What’s Included?
Buildings Insurance
If you own the office premises (not a cover that’s typically for rented premises) then this is the cover which protects the building against damage caused by fire, floods, storms, vandalism, and other commonly insured risks. Understandably, the costs involved with repairing or rebuilding an office after significant damage can be substantial, and without the right cover, your business could face major financial strain.
Business Equipment Insurance
Most offices will depend on some kinds of valuable equipment, be they specialist tools or just standard PCs and printers etc. but if any of those items are damaged, stolen, or lost due to fire, theft, or accidental damage, the cost of replacing them can be high. Business equipment insurance ensures that essential office assets are covered and that you won’t be hit with a huge bill you can’t afford should things go wrong.
Business Equipment Insurance
Public Liability Insurance (PLI)
An office will more than likely be regularly welcoming different clients and other visitors and with this comes the risk of an accident occurring and one of them being injured. If a visitor slips on a wet floor or trips over exposed wiring to give a couple of examples, then the business could find itself fighting some costly legal claims. Public liability insurance covers legal fees, compensation payouts, and other expenses if a third party is injured or their property is damaged due to your business activities.
Employers’ Liability Insurance (ELI)
An ELI policy protects your business if an employee is injured or becomes ill due to their work, somewhat similar as PLI protects your business against injury to a guest. Even in an office environment, workplace accidents can happen, from repetitive strain injuries to slips, trips, and falls. If an employee makes a claim against you, employers’ liability insurance covers legal costs, medical expenses, and any compensation awarded.
Employers’ Liability Insurance (ELI)
Business Interruption Insurance
Many of the risks we’ve already mentioned like a fire, flood, or break-in could force your office to temporarily close, which could cause a hit to your finances. This policy then covers you for the lost revenue and ongoing expenses (such as rent and staff wages) while your business recovers. It can also provide funds for temporary office space in some cases.
How Much Does It Cost?
How much you’ll have to pay to take out office insurance for your business is dependent on a few different things. Of course, no two businesses have the exact same requirements so to try and give a guide price or average wouldn’t make much sense.
One of the biggest considerations is the size of your office, as larger premises typically cost more to insure; especially if you own the building and need office buildings insurance included in your policy. How much equipment and how valuable it is are two of the other big factors at play when it comes to cost. Are you insuring high-value tech, specialist tools, or large amounts of equipment? Then business equipment insurance will naturally be higher to reflect the cost of replacing those items if something goes wrong.
Since every office is different, we tailor policies to fit your needs rather than offering a one-size-fits-all solution. If you’d like a personalised quote, get in touch with us today.
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How Much Does Office Insurance Cost?
How Much Does It Cost?
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Do I Need Office Insurance As A Business?
Do I Need It?
Often, these are policies that all too many businesses neglect in some way, shape or form. So much so, that in 2023 Aviva found almost half of UK SMEs were underinsured. Many business owners assume their office is a low-risk environment, but unexpected problems can arise at any time. Even in a standard office setting, there’s always the chance of property damage, theft, or liability claims and without the right cover in place, these risks can become costly setbacks that could seriously impact your business.
An Example Of How Office Insurance Works
A recruitment agency who operate out of a mid-sized office with multiple workstations, phones, and databases to manage client and candidate relationships. One night after hours, a fire breaks out in the business unit next-door, spreading its way into their office and causing severe smoke and water damage. The building itself suffers structural issues, while essential computers, desks, and client records are completely destroyed.
Without office buildings insurance, the company would be left covering the cost of significant repairs out of pocket. However, because they had the right cover in place, the insurer pays for the necessary structural work to make the space usable again. Meanwhile, their business equipment insurance ensures that all lost computers and furniture are replaced. With business interruption insurance, they can also claim for increased cost of working while unable to operate from the premises.
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Other Instances Of Office Insurance Claims
Office Claim Examples
A firm which provides financial advice along with pension and retirement planning often welcomes its clients to their offices. Unfortunately though, one day a visitor slips on a recently mopped floor in the reception area, suffering a back injury. They later decide to take legal action, claiming that there was no clear warning sign about the wet surface. Without public liability insurance, the business would have to cover legal costs and potential compensation from its own funds. However, because they are properly insured, their policy covers all legal fees and any settlement owed to the client
A small software company employs a few staff members who spend long hours working on computers. One employee develops a repetitive strain injury and blames the business for failing to provide an ergonomic workstation. They decide to make a claim against their employer for medical costs and compensation. Since employers’ liability insurance is a legal requirement (and they’ve known to take out the right cover), the business is covered for the legal expenses and any compensation awarded.
What Our Clients Think
John was amazing—friendly, patient, and full of great advice. He really took the time to understand our charity and made sure we got exactly the right insurance. Highly recommend East Yorkshire Insurance Brokers
Billy Dasein
East Marsh United
Sarah provided excellent service, taking the time to review our sums insured and ensure everything was accurate. She pointed out gaps in our cover we weren’t aware of and explained everything clearly. We feel much more confident now. Highly recommend East Yorkshire Insurance Brokers!
Connor Hewson
Assured Marketing
East Yorkshire Insurance Brokers have looked after our insurance for several years, and we’re always impressed by the great service they provide. They’re professional, reliable, and always find us a competitive deal. Couldn’t ask for better!
Jason Kay
H2MO Limited
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Your Office Insurance Broker
Your Dedicated Insurance Broker
Say hello to Sarah, your very own dedicated office insurance broker. She has years of experience in helping office-based businesses of all shapes and sizes get the right office combined insurance policies for them. Sarah fully understands that each business faces its own set of unique risks and will take the time to make sure she understands what kinds of cover you need to make sure you’re never sold short in the event of a claim.
So, don’t leave your business exposed to unnecessary risks. Get in touch today and let Sarah help you find the right office insurance to keep your business protected.
What insurance do I need for my office?
Say hello to Sarah, your very own dedicated office insurance broker. She has years of experience in helping office-based businesses of all shapes and sizes get the right office combined insurance policies for them. Sarah fully understands that each business faces its own set of unique risks and will take the time to make sure she understands what kinds of cover you need to make sure you’re never sold short in the event of a claim.
What insurance do I need for my office?
How much does office insurance cost?
The price varies based on your office size, equipment value, number of employees, and level of cover. A small rented office with basic equipment will cost less than a larger firm with full office combined insurance. For an accurate quote, get in touch with us.