Insurance for Office Risks
This product provides a comprehensive bundle of coverages for over 50 specific office classes such as accountants, advertising agencies, answering services, draftsmen, insurance agencies, medical offices, real estate offices, telemarketers, ticket agencies and more.
Target Risks: (Not limited to those below)
- Risks with revenues up to $3,000,000 per location
- Eligible classes include:
- Accountants
- Bookkeepers
- Financial Planners
- Lawyers
- Medical Offices
- Real Estate Agents
- And more!
Ineligible for Online Quoting:
Please note we cannot offer coverage to the following:
- The following classes of business:
- Artisan or general contractor offices
- Packaging, repackaging, assembly or manufacturing of any product
- Retail or wholesale of any product
- Offices larger than 25,000 square feet
- Off-premises operations other than sales operations
- Ineligible risk characteristics include but are not limited to those listed above.
Coverages Available For Office Risks
- Professional liability $25,000 sublimit is included at no charge for 21 designated classifications
- General liability available up to $1,000,000/$2,000,000
- Property up to $5,000,000 (excluding wind and hail coverage)
Optional Coverage For Office Risks
- Hired and non-owned auto up to $1,000,000
- Excess general liability up to $5,000,000
- Employment practices liability and excess or umbrella coverage offered as options on every quote
- Value Plus Property enhancement
- Business income offered on an actual loss sustained basis, up to a stated limit
- Special Form and replacement cost valuation options available
Claim Example for Office Risks
Property: One weekend night, vandals climbed onto the roof of the building and used a sledgehammer to damage the heating and air-conditioning unit. Damage was also done to the roof of the building where the heating and air conditioning units were located. Later that week the local police apprehended some juveniles who had vandalized the insured’s building and some other businesses in the area.
General Liability: A patient in a physician's office was injured when the chair upon which they were seated collapsed. The claimant suffered a sprained arm which resulted in a claim payment of $2,500.
Equipment Breakdown: A power surge caused damage to office phone equipment, making them inoperable. This resulted in a loss of business for two days.
Employment Practices Liability: An employee who desired to e-mail a pornographic joke to only a single recipient accidentally pressed the wrong button, sending the off-color joke to the company's entire workforce. The employer made the employee send a follow-up email apologizing to the workforce. Two months later, during a company downsizing, an employee sued for a hostile work environment and used the e-mail as evidence.
A group of employees would end their day by gathering around a fellow employees desk to look at the latest daily swimsuit model at a new website featuring bikini styles. A female employee stopped by during one of these gatherings and noticed the pictures. She then returned to her cubicle on the other side of the room. Although she never saw the photos after that day, she would see the employees gather around the desk each day and hear off-color remarks in relation to the photos. She later sued the company for a hostile work environment.