An office insurance is a type of insurance policy that protects an office and its contents within. Go Digit, Bharat Sookshma Udyam Surakasha policy (UIN – IRDAN158RP0080V01202021) covers you against fire and natural calamities such as floods and earthquakes.  

However, since a lot of commercial properties can be at a risk of burglary, we also offer a separate burglary policy i.e. Digit Burglary Insurance Policy (UIN - IRDAN158RP0019V01201920) along with Go Digit, Bharat Sookshma Udyam Suraksha policy. This way, your office is protected from both fire and natural calamities and from damages and losses that could occur due to a burglary.

• Any deliberate, willful or intentional act by anyone is not covered

• Any consequential losses aren’t covered

• Mysterious disappearances and unexplained losses will not be covered.

• Additional valuables like curios, work of art or unset precious stones will not be covered.

• Machinery breakdowns that aren’t a result of a natural calamity, fire, explosion, implosion, etc. will not be covered.

• Losses caused due to war, or nuclear disaster will not be covered

Take a glimpse through the key benefits of a building insurance in India:

• Coverage Against Unforeseen Circumstances - It safeguard your office and its contents against all unforeseen losses and damages such as fires, burglaries, natural calamities and explosions, amongst others.
• Reduces Business Risks - An office insurance also comes with customized policies to protect your office and its contents, thus reducing the risk of losses in the occurrence of events such as a fire, earthquake, flood, burglary, etc.
• Peace of Mind - When you know your office is covered and protected for, you need not worry and stress about your shop and its protection, because your insurance provider will have your back!

Your building insurance premium will be influenced by the following factors:

• Type of Building - The kind of building you’re insuring will have a direct impact on your office insurance premium. For example, an entire building would have a higher premium than that of a single floor office space.
• Age of Building - Like any other insurance policy, age is a prime factor in determining premium prices. The older the building is, the lower would be its premium and vice versa.
• Area of Property - The area of the office to be insured also has a direct impact on its insurance premium. This is because a larger property will have a higher sum insured and therefore a higher office insurance premium.
• Security Measures - Many offices have various security measures put in place to protect them from risks such as burglaries and fires. Therefore, if your office has these, your risk and therefore office insurance premium will be lower.
• Additional Coverages - While a office insurance mainly covers for the office and its contents, there are other priced possessions such as curios, art and jewelry on display. To cover for the same, you can choose to opt for add-ons that will give you better coverage and, consequently increase your office insurance premium.

There are many office insurance policies available offline, even with traditional insurance companies.

However, buying a office insurance online benefits you in the following ways:

• Saves you time: Buying insurance for your office space online can be bought in a matter of few minutes.
• Quick claims: With online insurance like ours, claims can be made and settled easily, thanks to our smartphone-enabled self-inspection process.
• Less paperwork: As a digital insurance company, we barely have any paperwork involved! We use it only if absolutely necessary and based on the situation, we might just ask for one or two documents.

Deciding on the right office insurance can be quite confusing. You will be choosing the best way to protect your office and your business after all!

To make your decision-making process easier, here are a few important aspects you could consider when looking for the right insurance for your office:

• Coverage Benefits - The most important part of your insurance is the kind of coverage you’re getting. What does your office insurance cover you against? Does it cover only your office space, or will it also include the contents of your office? Always look at what is covered and what is not covered to help evaluate the most valuable plan to you.
• Sum Insured - Sum insured is the highest amount you’ll be covered for in the case of a claim you make. So be sure to pick an office insurance that allows you to customize your sum insured based on the total value of the content in your office. Remember, a higher sum insured also means a higher insurance premium.
• Ease of Claims - Claims are the most important part of any insurance. Because, when you face a loss, that’s what you most! Therefore, make sure you pick an office insurance based on the claim settlement records and processes. You would want to go for someone who has a great claim settlement ratio, and one that will settle your claims quick!
• Add-ons Available - Sometimes, you need more coverage than the basic plan benefits. This is where add-ons come in handy. Different insurance providers will have a different range of add-ons for you to choose from. So, compare your options and see what works best for you and your office.