Property Insurance for Office

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  • Cover fire insurance and natural catastrophes such as flood and earthquake
  • Get quotes from leading insurers such as HDFC Ergo, New India, Bajaj Allianz, and Iffco Tokio
  • Buy all risk insurance policy for electronic equipments
  • Add-on special covers for burglary and theft
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Establishment Type
Value of Building
(in Lacs)
Value of Content
(in Lacs)
Laptops, Mobiles &
Notepads (in Lacs)

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Advantages of Office Insurance

Package Policy
Single property insurance policy can cover all types of commercial assets including building, furniture, fittings and fixtures, electrical and electronic equipment, laptops and mechanical equipment.
Customized Cover
Apart from basic commercial office insurance coverage such as fire insurance, you can opt for add-on covers like burglary, theft, earthquake, electronic equipment insurance, and laptop insurance.
Policy can have several add-ons such as escalation clause, omission to insure, damage due to own cranes, and rent for alternative accomodation in the event the property cannot be used due to a claim.
Easy Documentation
Getting office insurance is easy. The sum assured for fire needs to be self declared. Details are needed only for laptop all risk insurance where the make, model and serial number are required.

Benefits of Office Insurance

Range of Risks Covered

  • The office property insurance policy covers the loss or damage caused from fire, lightning strike, natural catastrophes and other specified perils such as impact damage or leakage due to bursting of pipes
  • Electrical and electronic equipments can be covered for mechanical breakdown and short circuit
  • Portable equipments such as laptops can be covered for theft during transit.

Insurance at Reinstatement Value

  • Insurance policy would reimburse the cost of reinstating the asset to its condition prior to loss. Depreciation charge is not deducted if the reinstatement value clause is applied
  • By default claims in fire insurance policies are settled based on market value i.e., after deduction of depreciation
  • Under reinstatement clause, property has to be reconstructed to be eligible for the claim.

Consequential Loss

  • Select subsequent losses arising from a covered peril insured under the policy could also be indemnified. For example, rent for an alternative accomodation during the reinstatement period
  • Under Fire Loss of Profits (FLOP), loss of profits during the reconstruction period is covered
  • Gross profit or Net Profit + Standing expenses, is considered for FLOP Insurance.


Office property insurance covers all your assets from various risks & perils such as Fire, lightning, riot, strike, malicious damage, mechanical & electronic breakdown, burglary, storm, tempest, flood and inundation. There are add on coverage such as earthquake, terrorism, theft and rent for alternative accommodation which can also be covered in the property insurance.
Office property insurance policy does not cover normal wear and tear due to deterioration, intentional damage to the property, damage to the property due to war, illegal activity or pollution. Also, the common exclusions in office fire insurance policy also includes damages due to radioactive contamination and pollution or contamination losses.
The biggest advantage of office insurance is that a single policy can cover many risks under one package policy. You can cover third party liability cover in your office package policy as well along with covering other assets and risks for your office. SecureNow will help you design a comprehensive and cost effective insurance cover for your office property.
Apart from standard fire and special perils policy coverage, add-ons like fidelity cover, cash in safe and transit, plate glass, neon sign, fire loss of profit, rent for alternative accommodation, public liability etc can be covered by paying additional premium. There are add on coverage such as terrorism, all risk laptop insurance and breakdown of electrical equipment which can also be covered.
The premium rate of your office insurance is calculated on the basis of risk that includes location of the office, history of past claim settlements, size of the company, nature of business etc. In addition to these, if you opt for any add-ons then the premium will increase.
You can minimize the cost of fire insurance for office by taking collective safety measures like, installing fire extinguishers and sprinklers, increasing the deductible and eliminating unnecessary coverage. Also, you should take required security measured by installing CCTV and burglary alarm. Pre-placement risk inspection of your premises can also reduce the premium.
In order to get the best premium discounts and get optimal coverage, it is advised to take the help of an insurance expert such as SecureNow. You can compare pre negotiated quotes from various insurers provided by experts of SecureNow and then choose the most suitable plan for you. In order to start the policy, you can pay premium through cheque, DD, net banking directly to the insurance company you choose to go with.
Yes. Risk perception for each occupancy varies by insurer. It is recommended to take quotes from multiple insurers for efficient price discovery. SecureNow calculators provides a benchmark price across risk occupations. This benchmark is a fair price that is discovered after several rounds of negotiations with insurers.
In case of a claim, you need to first intimate your risk manager as soon as possible about the incident. Then our claim team will inform the insurer and get a surveyor appointed who would visit the accident site to do a survey. You would then need submit claim form, invoices and other documents required by the insurance company within allowed time limit. Before the surveyor inspects the loss, you should not initiate repairs. You should try to minimize the loss, inform local authorities, and take pictures of the loss.
The common documents required for filing the claim under various policies are duly filled claim form, FIR, fire brigade report, final investigation report, invoice copy of the damaged asset, forensic laboratory report (if any), estimated cost of repair or lost product. In addition to these documents, the insurer can ask for some additional documents based on the type of claim.
In normal course, the compensation paid against the loss of the property will paid as per depreciated value of the asset. However, in fire insurance we can add a clause called reinstatement value clause to make sure that you get your claim at the current reinstatement value of the asset. You would be paid the actual cost of reinstating the asset, subject to sum assured adequacy, and net of deductible in the policy.
Apart from standard exclusions mentioned in your policy copy, a few circumstances which could lead to rejection include declaring wrong risk location & occupation, inadequate safety standards, not submitting complete documents timely, non intimation to insurance company immediately after the incident, and any intentional act.
Fire insurance for office is a part of property insurance which gives the compensation for the loss or damage to the property due to fire. It is designed to cover the cost of reconstruction, repair and replacement of office property. Fire insurance is an excellent tool to protect yourself against losses that could devastate your business. Policy also covers natural calamities such as earthquake, flood, tempest, storm, etc.
Any damage of office spaces can incur huge business loss to any company or entity. To safeguard your business from unknown perils or dangers, like fire or natural disasters, which may interrupt your business operation, it is best to take fire insurance policy for office spaces. Fire policy offers combination of standard and optional features to choose from. This policy will help you put your business into same financial position before the claim incident.
There are various kind of policies you can buy under office insurance and club into a package insurance. Few of those policies are Standard fire and special peril, Burglary, Electronic Equipment Insurance, Mechanical breakdown insurance, all risk insurance for portable insurance, cash in safe and transit insurance, public liability insurance. SecureNow will help you in choosing the appropriate plan depending upon the risks you are exposed to.
Any company which have assets on its name should take an office property insurance. We have client ranging from small firms, SMEs, MNCs, NGOs, government companies, IT firms, etc. It is important for every company, irrespective of the size of their business to cover their assets and buy insurance to safeguard from various risk such fire, burglary, theft, natural calamities, etc.


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 the tenant...
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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 ...
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What is the average clause in fire insurance?

A fire insurance policy has an average clause mentioned in it which takes care of the cases of the under-insurance. In the fire insurance policy, if the assets are insured for less than their full value, the insured is required to bear a proportion of the loss according to the average clause mentioned in the policy document ...
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