Office Package Insurance Policy
Just as a factory or a warehouse is an important part of a business organization,
the company offices are also important. While the factory produces goods and the
warehouse stores them, the office space is used for executive, administrative and
managerial functions. Just as you protect your factories and warehouses from fire
and related perils by buying a
fire insurance policy, shouldn't there be an insurance cover for your office
premises too? An office package insurance policy provides the necessary coverage
for your offices which are also an integral part of your business organization.
What is an office package policy?
An office package insurance plan is an insurance policy which covers the office
premises against damages and losses due to covered perils. Whether you have a commercial
office, a Government office, call centers or any other official premise, you can
get an office package policy for the same.
Coverage offered by office package insurance
An office package insurance plan offers an extensive scope of coverage covering
the following contingencies:
- Fire and other related perils - The office is covered against fires, lightning,
storm, flood, explosion or implosion, bush fire, missile testing operations, etc.
- Burglary and break-misleading to damage of the office premises and loss of cash
and other important assets.
- Baggage - this covers the baggage of employees stored in the office premises when
they are travelling to another place for any business-related purpose.
- Money insurance –if the money of the company is being transferred to a bank or from
a bank or to and from a safe in another official premise and it is lost due to accidents,
such a loss is covered under money insurance.
- Electronic breakdowns of equipment used in the office are covered. the plan pays
for the repairs of the covered appliances. Moreover, if the equipment is to be replaced,
it is also covered under the plan.
- Coverage for the cost of promotional material for the business like neon signs,
glow signs, etc.
- Losses caused due to dishonesty or infidelity of employees.
- Expenses incurred in housing the business premise in another location while the
office is being shifted to another place due to a loss by fire. This is called temporary
- Loss or damage to fixed glass and sanitary fittings in the office premises.
Though the coverage extended by an office package policy seems all-inclusive, there
are certain instances which are excluded from the scope of cover. These form the
exclusions in the policy and include the following:
- Any loss or damage suffered due to criminal and unlawful activities
- Losses or damages suffered due to war or nuclear perils
- Damages due to normal wear and tear of equipment
- Consequential losses
- Willful losses
- Any loss or damage suffered due to radioactive contamination or pollution
Benefits of Office Package Insurance Policy
How to buy an office package insurance policy
There are many general insurance companies which offer an office package policy.
To buy the best policy you should always endeavour to compare office insurance policies
available in the market. Our online platform Paybima.com has made it easy to compare
office insurance policies online.
How Paybima helps?
Paybima is an online insurance broker which
allows you the facility to compare office insurance policies. We have tie-ups with
all leading general insurance companies and you do not need to contact individual
companies for quotes and inclusions. All you need to do is enter your company's
details like industry type, address, contact number, etchant submit the enquiry,
and our representative will contact you within 24 hours with the available policies.
You can compare the coverage features of all available plans, compare their relative
premium rates and make an informed decision. You can compare the plans in terms
of coverages, relative premiums, etc. to make an informed decision. When you buy
insurance plan online with Paybima, minimum
documentation is required. We also offer you
claim assistance services where our dedicated and experienced team helps
you in getting your claim settled easily and without any hassles. So, what are you
waiting for? Compare office insurance plans, choose one that suits your requirements
and insure your office premises today!