Business insurance
What is an office package insurance policy?
An office package policy bundles the covers an office usually needs into one policy, such as fire and allied perils for the contents, burglary, electronic equipment, money and liability, depending on the insurer. One policy is simpler to buy and renew than several. What matters is which sections a quote includes, and how the sum insured for each is set.
In short
- One policy for several office covers.
- Sections vary by insurer: check which are included.
- Every quote turns on how the sum insured is set.
- A quote is not a policy: cover starts once issued and paid.
What does an office package usually include?
It depends on the insurer, so read the quote section by section. Common sections include fire and allied perils for office contents, burglary, electronic equipment such as computers and servers, money, and liability for visitors. Optional add-ons can extend it further.
How do I compare office package quotes?
Line by line, not on premium alone. Compare the sum insured for each section, the deductibles, the warranties and the add-ons. Anything one quote mentions and another leaves out is a gap to ask about, never something to assume. A cheaper quote that insures less is not cheaper.
What are the two things every buyer must understand?
How the sum insured is set, and what underinsurance does to a claim. If the sum insured for contents or equipment is below its real value, the average clause pays each claim in proportion. Set values on replacement cost and review them every year.
When does the cover start?
Only when the policy is issued and the premium is received. A quote is an insurer’s offer, not cover. Under Section 64VB of the Insurance Act, cover begins only once premium is paid.
Frequently asked questions
What is an office package policy?
A single policy that bundles office covers such as contents against fire, burglary, electronic equipment, money and liability, depending on the insurer.
Does an office package cover laptops and servers?
Usually through an electronic equipment section, if the quote includes it. Check the schedule.
How do I choose between office package quotes?
Compare each section's sum insured, deductibles, warranties and add-ons, not just the premium.
What happens when you talk to us
A 20-minute video call with a Growth Advisor. No obligation, and no quote pushed. It opens with a five-minute video from our founder on how the benefits stack works and why Ethika exists; the rest is your questions. You’ll leave with an honest read on your current cover and claims experience, and a straight answer on whether we can genuinely help, even if you never become a client.
20 minutes with a Growth Advisor. No obligation.
A note on this page. Everything here is general information, not insurance, legal, financial or tax advice, and nothing is an offer. No insurer or product is named or recommended. What any policy covers depends on its own wording and schedule. For advice about your situation, talk to us.