Do you own or are you looking to start an office furniture? If so, it’s very important that you cover yourself as a business owner from potential lawsuits by purchasing business insurance. But even before you purchase insurance, you must first have a solid business plan that outlines your risks as a business owner and how you plan to cover those risks. Not all of your risks as a business owner can be covered simply by purchasing a basic insurance policy. You must first know what your risks are.
To identify the risks of your business you can simply consult with an attorney or even an insurance professional. The risks for an office furniture can be very wide because of the many different exposures involved with your business activities. Before paying costly fees for an attorney’s advice, we can at least help you to identify some of the potential claims that could arise and how your insurance coverage would protect you in the event of a claim. But first, let’s look at some common controls and procedures you can put in place to better protect yourself from a legal and contractual standpoint.
To do your job and run your business, chances are you rely on specialised equipment or tools of some kind. Having cover in place for these will set your mind at rest, knowing that if your equipment is damaged or stolen, you’ll be able to replace it quickly and comfortably, and get on with the job in hand.
Office contents insurance is a particular form of contents insurance designed to protect a business’s equipment, such as computers, office furniture, and documents. This policy is available to businesses working from dedicated office premises and to those working from a home office.
The Plants, Equipment and Machinery are exposed to a number of risks inherent in their operations in addition to the exposure to natural calamities.
This policy covers loss resulting from the accidental breakdown of almost any type of equipment that operates under pressure or that controls, transmits, transforms, or uses mechanical or electrical power.
Your machinery may be covered under Fire & Allied Perils. However, in some instances you may incur accidental damage to your equipment and machinery by:
- Lack of skill of the operator
- Carelessness
- Short circuits
We will also cover costs involved with overtime, night work (or work required on public holidays) and express freight to repair the plant & machinery as soon as possible.
Office equipment and supply carry everything you could possibly need for your home or work office. This includes equipment like printers, copy machines, fax machines, computers and phones. Office supplies include paper, ink, school supplies, pens and other writing utensils, desk accessories, and furniture like computer desks, filing cabinets and computer chairs. Risks for an office equipment and supply include that of crimes like shoplifting and vandalism, the risk of unforeseen events causing damage, and injuries in the store which could lead to lawsuits. Cover these and other risks with business insurance.