Office Umbrella policy
The Oriental Insurance Office Umbrella policy offers protection against different kinds of risks and perils an office environment may be subject to under various sections by providing comprehensive coverage.
The policy provides total coverage for all risks that are common to an office eliminating the need to take different policies.
Who should buy this policy? This policy is particularly beneficial for professionals like chartered accountants, consultants, architects, interior decorators, engineering or any other service providers. It also covers, medical establishments, doctor’s clinics etc and offices owned by large companies as well as small and medium sized offices.
Risks covered:
- Covers building from various perils as per standard fire and special perils policy.
- Contents against fire and allied perils
- Money while in office or in transit from or to the office.
- Fixed glass and sanitary fittings from accidental breakage.
- Losses caused by fraud or dishonesty committed by any salaried employee.
- Accidental losses and electronic equipment in the office including mobile equipment.
- Additional rent required for alternative accommodation in the event of a loss.
- Bodily injury to insured persons by accidental means.
- Breakdown of appliances due to electrical and mechanical causes is covered under this section.
- Accidental loss or damage to baggage of persons during official journey is covered here.
- Liability to public for accidental bodily injury and property damage.
- Loss of income including increased cost of working, additional expenditure due to business interruption following a loss
Compensation:
- In case of damage to the building premises, the insurer will indemnify the insured the cost of replacement or reinstatement or repairs based on actuals, including removal of debris, consultation fees.
- In case, theft, accident or misfortune occurs to the money held by the office, the cover will also include replacement and/or repairs to the safe.
- Fixed glass and sanitary fittings are insured on a reinstatement basis.
- In event of any accident occurring to named employees, damages with regards to hospitalisation, ambulance charges and costs of clothing.
- In case of business interruption, the loss of income including increased cost of working and additional expenditure such as setting up of a temporary office, rates, taxes, cost of substitute equipment, hiring personnel, professional charges and additional expenditure such as rent, electricity, taxes, costs of removal will be paid for.
Ask our Authorised Oriental Insurance Agent for Premium Rates Calculation Comparision for Office Umbrella Policy..
Tags: Buy Office Insurance, Office Insurance, Office Umbrella, Oriental Office Umbrella Policy
Non Life Insurance | Sameer Trivedi January 7, 2010
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