If you own your office premises, you'll need to protect your space with buildings insurance. If the building is damaged by bad weather or a fire, you can claim for repairs or even a total re-build. It will also cover permanent fixtures such as kitchen units, toilets and built-in cupboards and display cases. If you rent your office, you should check your landlord has buildings insurance in place.
Contents insurance essentially covers anything you would take with you if you moved premises, such as desks, chairs, computers and so on. Contents insurance can provide protection against theft or damage for these.
Make sure you calculate the value of your contents accurately, so you have enough cover in place. Don't forget any specialist equipment your business uses or artwork that you’ve chosen to brighten up your office.
It’s also worth checking whether your policy includes:
- Accidental damage – including damage to glass or signage
- Cover for the personal property of employees or visitors to your premises
- Portable equipment – e.g. mobile phones and laptops that are taken away from the office
If you keep stock on the premises you might need to cover this with a separate policy.