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Commercial Insurance

Office Package Insurance

OfficePackageInsurance

Key Features

Your all-in-one shield against office risks

Coverage Highlights

Get comprehensive coverage for your office
  • Suitable for

All types of office premises

  • Assets covered

Structure & building, Electrical & electronic equipments, furniture fixtures & fittings

  • All-Round Protection for Your Office

Safeguard your office against fire, explosion or implosion, natural calamities, terrorism, riots, strikes, malicious damage and more with a policy designed to keep your office running smoothly

  • Customizable Plans

Flexibility to choose coverage options that best suit the specific needs of your office

Inclusions

What’s covered?
  • Fire and Allied Perils

Covers damages due to fire, lightning, explosion, aircraft damage, riot, strike, malicious damage, storm, cyclone, typhoon, tempest, hurricane, tornado, flood, and inundation

  • Burglary and Theft

Covers loss or damage to property and contents due to burglary or theft, including break-in attempts

  • Personal Accident Insurance

Covers accidental death, permanent total disability, permanent partial disability, and temporary total disability of employees

  • Employee Compensation

Covers legal liability of the employer for accidental injury to employees during their work

  • Money Insurance

Covers loss of money due to theft, robbery, or burglary while in transit or stored in a locked safe within the office premises

  • Public Liability

Covers third-party legal liability arising out of accidental bodily injury or property damage occurring within the office premises

  • Electronic Equipment Insurance

Covers accidental damage, breakdown, and theft of computers, servers, and other electronic equipment used in the office

  • Plate Glass Insurance

Covers accidental breakage of fixed glass fittings, including display windows and partitions within the office

  • Note

Please read policy wording for detailed inclusions

Exclusions

What’s not covered?
  • Normal wear & tear

Regular maintenance and wear-and-tear damages

  • War and Nuclear Risks

Losses due to war & nuclear hazards

  • Deliberate Acts

Losses from deliberate acts by the insured or representatives

  • Property Removed from Premises

Excludes losses incurred due to removal of property unless under specific circumstances

  • Excess

Deductible or Excess as mentioned in policy schedule

  • Note

Please read policy wording for detailed exclusions

Additional Covers

What else can you get?
  • Accidental Damage Cover

Covers accidental damage to property or contents, like spills or breaks

  • Electrical / Electronic Appliance Clause Cover

Covers damage to appliances from electrical faults or power surges

  • Impact Damage Cover

Covers damage from physical impacts, like a car or tree hitting your property

  • Snow Damage Cover

Covers damage from snow, like roof collapse or falling ice

  • Minor Works

Small, quick, and inexpensive construction or renovation projects

  • Escalation Clause

Allows contract price increase if material or labor costs rise

  • Waiver of Involuntary Improvement

Protects against paying for unauthorized property improvements

  • Immediate Repairs

Insured may immediately begin repairs or reconstruction work of the insured property so that the normal operations return back to normal

  • More

Many more add-ons options available

Comprehensive Protection with Office Insurance Policy

An Office Insurance Policy offers comprehensive protection for your business premises, assets, and employees from a variety of risks. This includes coverage for fire, theft, natural disasters, accidental damage, and more. The policy helps safeguard physical assets such as furniture, equipment, and machinery, as well as offering liability protection for third-party accidents. With customizable coverage options, Office Insurance Policy ensures that businesses of all sizes are protected from financial losses caused by unforeseen incidents, allowing them to focus on their growth and daily operations without the fear of potential disruptions.

What is Office Insurance?

Office Insurance is a policy designed to protect your business from a wide range of risks, including damage to office premises, equipment, and third-party liabilities. It offers coverage for property damage caused by incidents like fire, theft, natural disasters, and accidents. Additionally, it protects businesses against potential employee injuries and offers coverage for items like computers, furniture, and essential office equipment. By opting for office insurance, you can ensure that your office’s operations are shielded from unexpected disruptions, allowing your business to run smoothly without facing financial setbacks.

Key Features of Office Insurance Policy

Office Insurance provides a well-rounded shield against numerous risks that could disrupt your business operations. Key features of this policy include:

● Comprehensive Asset Protection: Insures physical assets like office furniture, fixtures, electronic equipment, and more against damage, theft, or accidents.

● Fire and Allied Perils: Covers damage caused by fire, lightning, explosion, natural disasters, and other related incidents.

● Employee Protection: Includes personal accident insurance and compensation for injuries that employees may sustain during work.

● Burglary and Theft Coverage: Covers the loss of property due to burglary or theft, including damage from break-ins.

● Public Liability Insurance: Protects your business against legal liability for bodily injury or property damage caused to third parties within the office premises.

● Electronic Equipment Insurance: Ensures that computers, servers, and other vital electronic devices are covered against accidental breakdowns or damage.

● Customizable Plans: The policy is flexible, allowing businesses to tailor coverage based on their specific needs and operational risks.

● Money Insurance: Provides protection for cash losses during transit or theft from safes within office premises.

Benefits You Deserve

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Simplified Policy Management

Multiple coverages under single policy, with affordable premium

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Flexible Plan

Tailor your coverage to fit your unique needs

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Extensive Coverage

Protects against diverse risks in a single policy

Benefits of Office Insurance Policy

The Office Insurance Policy offers a multitude of benefits for businesses looking to mitigate financial risks and safeguard their operations. These benefits include:

● Comprehensive Protection: This policy covers a wide range of risks such as fire, theft, burglary, natural calamities, and accidental damage, ensuring your business is well-protected against unexpected events.

● Financial Security: It provides coverage for physical assets such as office equipment, furniture, and electronics, helping to minimize financial losses due to damage or theft.

● Employee Welfare: The policy includes personal accident insurance and employee compensation, protecting your workforce in the event of an accident while on the job.

● Third-Party Liability Protection: Public liability coverage protects your business from third-party bodily injury or property damage, helping you avoid costly lawsuits.

● Business Continuity: In case of property damage or business interruption, this insurance helps businesses quickly recover and resume normal operations, reducing downtime.

● Peace of Mind: By knowing your business, employees, and assets are covered, you can focus on growth and innovation without worrying about unforeseen risks. Office Insurance gives you the assurance that your business is protected from various risks that could otherwise disrupt your operations.

Types of Office Insurance Policy

There are different types of office insurance policies designed to cater to the varying needs of businesses. Some common types include:

● Comprehensive Office Insurance: Provides full coverage against risks such as fire, theft, natural disasters, and accidental damage, making it ideal for businesses seeking complete protection.

● Property Insurance: Covers damages to office premises and physical assets like furniture, electronics, and fixtures due to accidents, natural calamities, or theft.

● Business Interruption Insurance: Protects businesses from financial loss caused by temporary business disruptions, ensuring that income losses are compensated during recovery periods.

● Employee Insurance: Covers accidental injuries or disabilities for employees while they are working. This policy helps ensure the welfare of your workforce.

● Public Liability Insurance: Covers third-party injuries or property damage that occur on your business premises, providing legal protection in case of claims.

● Electronic Equipment Insurance: Protects office electronics such as computers, servers, and machinery from damage or theft, ensuring minimal business disruptions. Each policy type can be customized to suit the specific needs of your office, offering targeted protection for your business.

Why Do You Need an Office Insurance Policy?

Office Insurance is essential to protect your business from unexpected risks that could cause significant financial loss. From fire and theft to employee accidents and natural disasters, having a comprehensive insurance policy ensures that your office, assets, and employees are well-covered. With office insurance, you reduce the risk of financial disruption and safeguard business continuity, even during unforeseen events. Whether your office is large or small, investing in Office Insurance ensures you can continue operations smoothly without worrying about the costs of repairs, legal liabilities, or employee compensation.

Who Needs an Office Insurance?

Office Insurance is crucial for businesses that operate from physical office spaces, no matter their size or industry. Small businesses and startups benefit from Office Insurance by protecting their premises, equipment, and employees against risks like theft, fire, or accidental damage. Medium-sized businesses with more assets and employees also need comprehensive coverage to safeguard their operations from a variety of potential disruptions.

Larger corporations and enterprises often require extensive protection, covering multiple office locations, advanced equipment, and high-value assets. Professionals like consultants, lawyers, doctors, and architects with office-based operations should also consider Office Insurance to cover their workspaces and the risks associated with their practices. Additionally, businesses with a high footfall of visitors or employees—such as retail offices, coworking spaces, or corporate headquarters—are especially vulnerable to third-party liabilities and would benefit from public liability coverage included in the policy.

How is an Office Insurance premium calculated?

The premium for Office Insurance is determined by several factors that assess the level of risk and the coverage needed for your business. These include:

● Office Size and Location: Larger office spaces or those in high-risk areas may incur higher premiums due to the increased likelihood of claims.

● Value of Assets: The total value of physical assets like office furniture, electronics, and machinery impacts the premium. Higher-value assets typically lead to higher premiums.

● Type of Business: The nature of your business also plays a role. Riskier industries may attract higher premiums.

● Coverage Options: The more coverage options you select—such as business interruption insurance or electronic equipment coverage—the higher your premium.

● Security Measures: Offices with advanced security systems, fire alarms, and CCTV may receive a discount on premiums.

● Claims History: If your business has had previous claims, the premium may be higher due to the perceived risk.

What Factors Affect the Cost of Office Insurance?

The cost of your Office Insurance premium depends on several factors:

● Office Size and Location: Larger offices or those in high-risk areas may incur higher premiums.

● Type of Business: Riskier industries or high footfall businesses may attract higher premiums.

● Assets Covered: The more valuable your assets (furniture, electronics, etc.), the higher the premium.

● Coverage Options: Choosing more extensive coverage, such as business interruption or employee compensation, will increase the premium.

● Security Measures: Offices with advanced security systems like CCTV and fire alarms may receive discounts on their premium.

● Claims History: If your business has made frequent claims in the past, the premium may be higher. These factors are considered to calculate an appropriate premium based on your office’s needs.

Why Choose Bajaj Allianz General Insurance for Office Insurance Policy?

Choosing Bajaj Allianz General Insurance for your office insurance means opting for a reliable partner that understands the complexities of protecting your business. We offer comprehensive coverage that secures your office premises, assets, and employees against a wide range of risks, including fire, theft, and accidental damage. With the flexibility to customize your coverage, you can ensure that the policy meets your business’s specific needs. Additionally, 24X7 customer support and prompt claim settlement process, ensuring you receive the assistance you need whenever required. With competitive pricing and extensive coverage options, we ensure that your business remains protected without compromising on quality or service. Whether you’re a small startup or a large enterprise, Bajaj Allianz General Insurance provides tailored solutions to help your business recover quickly and continue operations smoothly after unexpected events.

Download Policy Document

Get instant access to your policy details with a single click.

Trusted Risk Advisor

Mobile Self Risk Assessment

PRIME Inspection app helps to evaluate quality of your property (Shop, Office, Plant or Others) having SI upto INR 50 crs. It is simple to navigate having multiple Q & A designed for client

Instant Generation of Risk Report

It helps Provide Risk Recommendations, Risk Quality Rating (RQR), Peer Comparison & GAP Analysis for the client

Step-by-Step Guide

To help you navigate your insurance journey

How to Buy

  • 0

    Visit the Bajaj Allianz General Insurance website

  • 1

    Fill in the lead generation form with accurate details

  • 2

    Get quote, make payment and receive the policy documents

How to Renew

  • 0

    Contact the Policy Issuing Office

  • 1

    Review expiring policy and share necessary details

  • 2

    Receive renewal quote

  • 3

    Make renewal payment

  • 4

    Receive the renewed policy documents via email

How to Claim

  • 0

    Contact us through our customer service touchpoints

  • 1

    Submit the claim form along with the necessary documents

  • 2

    Provide details of the incident and any supporting evidence

  • 3

    Cooperate with the claims investigation process

  • 4

    Receive the claim settlement as per the policy terms

Know More

  • 0

    For any further queries, please reach out to us

  • 1

    Toll Free : For Sales :1800-209-0144

  • 2

    Email ID: bagichelp@bajajallianz.co.in

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What Our Customers Say

Business Eligibility

The policy caters to businesses, from small shops to large commercial establishments. Coverage is designed to protect property, stock, and essential business assets.

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Raj Kapoor

Gujarat

4.9

22nd Dec 2024

Coverage Benefits

The policy provides coverage against fire, burglary, natural disasters, and accidental damage. It ensures complete protection for business premises and assets, giving peace of mind to business owners.

alt

Meena Sharma

New Delhi

4.7

10th Jan 2025

Buying Bajaj Allianz Commercial Property Insurance

Buying my Commercial Property Insurance from Bajaj Allianz was effortless. The process was clear, quick, and hassle-free. I received my policy instantly, ensuring my business is well-protected. 

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Rajesh Malhotra

Andhra Pradesh

4.8

5th Feb 2025

Customisation and Add-Ons

The policy offers various add-ons like loss of rent cover, debris removal, and architect fees, providing enhanced protection tailored to your business needs.

alt

Rohit Mehta

Uttar Pradesh

4.9

5th Oct 2024

Claim Settlement Process

Bajaj Allianz ensures a quick and transparent claims process. With proper documentation, claims are processed efficiently, minimising business downtime.

alt

Anjali Verma

Rajasthan

4.8

15th Nov 2024

FAQ's

Can I customize my Office Package Insurance policy?

Yes, the policy offers flexible and customizable options for Office Package Insurance. You can tailor the coverage to meet the specific needs of your business, whether that includes protecting office furniture, electronic equipment, or employee welfare. You can also add optional coverage like business interruption, public liability, and employee compensation. Our experts will help you choose the right mix of coverage to ensure that your office is comprehensively protected against various risks.

Does Office Package Insurance cover employee injuries?

Yes, Office Package Insurance includes coverage for employee injuries. Under the Personal Accident Insurance and Employee Compensation sections, your employees are protected in the event of an accidental injury, permanent disability, or death while working at your office. This helps safeguard your workforce and ensures that they receive compensation for medical expenses or disability benefits, giving you peace of mind and protecting your employees’ welfare.

What documents are required to purchase this insurance?

To purchase office package insurance, you will need to provide the following documents: 1. Proof of business registration (e.g., company registration certificate) 2. Proof of office address (e.g., lease agreement or utility bills) 3. List of assets and equipment to be insured (including their value) 4. Employee details (for coverage related to personal accidents and employee compensation) 5. PAN card and GST registration (if applicable) 6. Any previous insurance policy documents (if you are switching insurers) These documents help us understand your business and ensure that your policy is tailored to your specific needs.

Are Legal Liabilities Covered Under Office Package Insurance?

Yes, Office Package Insurance covers legal liabilities under the Public Liability section. This protects your business from claims arising due to accidental bodily injury or property damage caused to third parties while they are on your premises. This includes incidents like a visitor tripping and injuring themselves or damage to third-party property caused by an employee or office operations. This coverage helps you avoid costly legal expenses and settlements, ensuring your business remains protected.

Does Office Package Insurance cover natural disasters?

Yes, Office Package Insurance provides coverage for natural disasters under the fire and allied perils section. This includes events like floods, storms, cyclones, earthquakes, and other catastrophic natural occurrences that may cause damage to your office premises and assets. Whether it’s damage to the building, equipment, or inventory, the policy ensures you’re financially protected, helping your business recover quickly after unforeseen natural events.

Is theft of office equipment covered under this policy?

Yes, Office Package Insurance covers the theft of office equipment under the Burglary and Theft section. This protection applies to office equipment, furniture, and electronics in the event of theft or break-in. The policy compensates for the loss or damage to property caused by unauthorized access, ensuring that your business does not suffer financial setbacks due to stolen assets.

Is office insurance mandatory in India?

Office insurance is not mandatory under Indian law; however, it is highly recommended. Having Office Insurance helps protect your business from unexpected financial losses caused by events such as fire, theft, natural disasters, and accidents. While it’s not a legal requirement, many businesses choose to opt for it to ensure smooth operations, protect valuable assets, and meet client and employee expectations. In certain cases, like securing loans or business leases, you may be required to provide proof of office insurance.

What types of commercial insurance policies are available?

Some common types include property insurance (which covers damages to physical assets), liability insurance (which protects against legal claims), marine insurance (covers goods in transit), cyber insurance (which safeguards against data breaches), and employee benefits insurance (which provides coverage for employees). 

How do I choose the right commercial insurance policy for my business?

Choosing the right policy requires a detailed risk assessment of your business operations. Factors like the nature of the business, asset value, number of employees, regulatory requirements, and industry-specific risks should be considered. Consulting an insurance expert or broker can help tailor a policy.

Can a commercial insurance policy be customised?

Businesses can enhance their coverage with add-ons like business interruption insurance, professional indemnity, cyber security coverage, and extended liability protection. Customisation allows businesses to adapt their coverage to industry risks, operational requirements, and financial concerns, ensuring they remain protected.

What is the validity period of a commercial insurance policy?

Most commercial insurance policies are valid for one year, requiring renewal before expiry to maintain continuous protection. However, insurers also offer multi-year policies that provide long-term coverage and stability. Renewing on time ensures uninterrupted coverage and prevents financial risks due to policy lapses. 

What documents are required to buy a commercial insurance policy?

The required documents include business registration certificates, financial statements, property ownership or lease documents, employee details, and risk assessment reports. For specialised policies like marine or cyber insurance, additional documentation may be required. Ensuring all necessary documents are submitted correctly helps speed up the

How do I file a claim under my commercial insurance policy?

First, the business must immediately notify the insurer about the incident. Next, necessary documents such as claim forms, invoices, FIR reports (if applicable), and evidence of loss must be submitted. The insurer will then conduct an assessment or survey to verify the claim before disbursing the approved amount. 

How long does it take for a commercial insurance claim to be processed

Simple claims like minor property damage may be settled within a few weeks, while larger claims involving legal or financial reviews may take months. Insurers prioritise efficient settlements, but delays can occur due to incomplete documentation, third-party verifications, or policy exclusions. 

What can lead to the rejection of a commercial insurance claim?

Claims can be rejected due to various reasons, such as policy exclusions, late claim submission, incorrect or incomplete documentation, misrepresentation of facts, or failure to meet policy terms. For example, if a business fails to implement safety measures required by the policy, the insurer may deny the claim. 

Can I appeal if my claim is rejected?

Yes, if a claim is denied, businesses can file an appeal with the insurer by submitting additional supporting documents or explanations. If the issue remains unresolved, businesses can escalate it through the insurer’s grievance redressal mechanism or approach the Insurance Ombudsman for further review. 

Does commercial insurance cover natural disasters?

Many commercial insurance policies provide coverage for fire, floods, earthquakes, and other natural disasters. Some businesses may need to purchase additional disaster coverage if their location is prone to specific risks. It is important to check the policy’s exclusions and coverage limits to ensure adequate protection.

When should I renew my commercial insurance policy?

It is recommended to renew a commercial insurance policy at least 30 days before its expiry to ensure uninterrupted coverage. A lapse in policy renewal can expose businesses to financial risks, legal liabilities, and potential penalties. Early renewal also gives businesses time to review coverage and compare policies

Can I modify my coverage during policy renewal?

Yes, businesses can adjust their coverage, increase or decrease the sum insured, add or remove riders, or switch to a different plan during renewal. It is essential to reassess business risks, asset value, and operational changes before making modifications. Consulting an insurance provider helps in choosing the best-suited coverage options.

What happens if I miss renewing my policy on time?

If a commercial insurance policy is not renewed on time, it lapses, leaving the business without coverage. This means any damages, legal claims, or financial losses occurring after policy expiry will not be covered. Some insurers offer a grace period for renewal, but once it expires, businesses may have to apply for a new policy.

Will my premium change during renewal?

Premiums can increase or decrease during renewal based on various factors, including previous claims history, business risk exposure, policy updates, and changes in industry regulations. Implementing safety measures, maintaining a good claims record, and choosing optimal coverage can help businesses negotiate lower premiums. 

Is there a benefit to renewing commercial insurance policy for years?

Yes, opting for a multi-year renewal provides several advantages, such as locked-in premiums, discounts, and continuous coverage without the hassle of annual renewals. Some insurers offer long-term policies with reduced rates, helping businesses save on costs while ensuring uninterrupted protection. 
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