Who can purchase building insurance?

For people living in or using a building, natural disasters or fires or burglaries are all real concerns. To protect against such risks, owners of commercial or residential buildings buy building insurance. So who can purchase building insurance? Owners of commercial or residential buildings may fully or partially use these structures themselves or rent them […]

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What does Warranties Signify in Office Insurance Policy?

In office insurance, it is warranted that the agreement which is there at the time of the policy inception, will be there throughout the policy tenure. There will be no variation in the terms and conditions of the policy without the written consent of the insurer. For the purpose of the warranty, the insurer is […]

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How Does Office Insurance Work

Office Insurance Policies are useful tools to safeguard your workplace from uninvited damages. Fire, inundation, lightning, etc. are out of anyone’s control and thus events are unusually unpredictable. Office insurance will work to minimize your losses from such accidents and ensure that your business continues as usual.  

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What to Do Under an Office Insurance If An Insured Person Meets With An Accident?

Office package policies also have provision for personal accident cover for the insured. All provisions of personal accident cover offered in office package policy are similar to a standalone personal accident policy. Meaning, the following are covered: Death due to accident Permanent Total Disability Permanent Partial Disability Temporary total disability Hospitalization expenses incurred due to […]

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What Makes It Important to Have a Fire Insurance for Your New Office?

Congratulations for your new office! Indeed, it is a result of your hard work and a big achievement for you. Though you might have done everything to beautify its interiors, have you protected it from fire? You might counter this question by saying that you have installed various fire safety equipments, like fire alarm, fire […]

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Four Things to Know Before Renting an Office Space

Renting an office space seems to be a better option, especially when you are not able to buy it or when you don’t want to purchase it. But choosing just any office space would be a mistake. You need to ensure that your office is one that supports your team and also lets you grow […]

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What Is Tenants Legal Liability Under Office Insurance?

Many businesses rent the premises and assets on the premise to operate the office. In the case of a burglary, fire or another incident, both assets belonging to the owner of the premise and tenant, can be damaged. In the case of damage to the owner’s assets (used by the tenant), the liability falls on […]

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What Is Reinstatement Value Clause in Office Insurance Policy?

Reinstatement Value Clause (RVC), defines the terms and conditions of payment of reinstatement claims under property insurance policies. It defines the reinstatement value that will be payable after the loss, and the conditions under which this value may be altered even after the claim has been accepted by the insurer. Reinstatement Value Defined under RVC […]

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