Office Insurance

Platinum Commercial and General Insurance is able to arrange, place and manage all your office insurance requirements.

Office Insurance cover is designed to meet the insurance needs of professional people who operate their business from an office, such as medical, consulting, financial and property service professionals

An Office Insurance policy typically consists of ten individual cover options. You can tailor the insurance by selecting the covers appropriate to your own business insurance needs.  There is no requirement to select all policy sections if you are content with being uninsured for a particular risk.

Typical Office Insurance Policy cover afforded by each insurer may be expressed as under:

Property: Loss or damage to property at the insured situation.
This section insures you against damage to your property, accidental damage to property and theft of property by any sudden or unexpected or unforseen occurrence which is not otherwise excluded.

Business Interruption: Consequential loss.
Under this section, the policy will pay consequential loss arising from an interruption or interference with the business caused by an insured contingency under the Property section. The policy will pay the net profit forgone as a result of the interruption to the business. In addition all continuing expenses and all additional expenses incurred in order to return the business to normal operations.

Money: Loss or damage to money or negotiable documents.
Money is insured against theft or loss, destruction or damage caused by any accident, not otherwise excluded.

Glass Breakage.
The accidental breakage of all internal and external fixed glass, toilet porcelain, mirrors and similar. The replacement cost is paid including signage and security

Broadform Liability: Public and products liability.
Insures the legal liability to pay compensation for personal injury and/or damage to property as a result of an occurrence and in connection with the insured business. It needs to be noted liability arising out of professional negligence and workers’ compensation are excluded.

Employee Dishonesty: Fidelity Guarantee.
Indemnifies the policyholder against misappropriation of insured property and money belonging to the insured by an employee of the insured.

Machinery: Breakdown of machinery and plant.
Pays the cost of repairing machinery, such as air conditioning plant and refrigeration equipment, consequent upon a breakdown. Additional costs associated with repairing the item are also recoverable as is the loss of property due to putrefaction.

Computer and Electronic Equipment: Breakdown.
Although accidental loss or damage covering computers and electronic equipment is insured under the Property Section, claims arising out of mechanical failure or derangement are excluded. This section provides indemnity to repair damaged electronic equipment consequent upon a breakdown. Loss of income, additional expenses incurred to repair the equipment and the costs associated to restore lost data are also recoverable under this section of the policy.

General Property: Loss or damage to specified property at the situation or elsewhere.
This section insures property as specified in the policy schedule for loss if damaged by any sudden or unexpected or unforseen occurrence including theft at the insured situation or elsewhere as specified.

Taxation Investigation: Cost associated with a tax audit.
The policy, if this section is specified in the schedule, will indemnify the named insured all necessary costs reasonably incurred in the completion of a tax audit or investigation by a statute body by either the Federal or State Governments. The cover is limited to the expense incurred and will not pay penalties and fines nor any costs if the investigation or audit results in substantiating fraudulent acts or omissions.