Top 5 Questions for Office Building Insurance

1. What is office building insurance?
Office Building insurance is generally written on a business owner's policy for smaller businesses. Depending on the size of the building, you may need to put on a commercial package policy. The coverage is to cover the owner of the building whether their office is at the location or they lease the location.

2. What does office building insurance cover and what coverages are typically needed for an office building?
  • Property
  • Liability
  • Umbrella
  • Workers Compensation
  • Equipment Breakdown
  • Crime

3. What is the cost of office building insurance?
Generally speaking, an office building will typically be charged based on the size of the building and type of occupant of the building. The other factors would be age of building, construction of building, updates on the building, and safety measures or security of the building.

4. What types of businesses need office building insurance?
  • Insurance Agent Office
  • Realtor Office
  • Accountant Office
  • Attorney Office
  • Surveyor Office
  • Appraiser Office
  • Other Professionals Offices

5. Is there a way to reduce the premium on the insurance on an office building?

Yes. Here are a few ways to reduce your premium on your office building:
  • Safety manual for the building
  • Maintenance schedule for the building
  • Alarm System for the building
  • Security for entering or exiting the building or even security guards
  • Options on Coinsurance. Make sure to understand penalties that could create a coinsurance penalty
  • Higher deductibles
  • Type of Construction on the building