Agency Insurance

A standard office insurance can provide a reasonable level of cover, but it won’t necessarily provide protection for every situation. This is why you need to tailor it to your specific requirements as an agency.

Every company’s needs and budgets differ. It’s important to design an insurance policy which meets both. You should think about what risks you face and the value of cover you need. That way you’ll have just as much cover as you need and no more. You won’t be paying over the odds or left without help when you need it most. 

Understanding how premiums are calculated can be crucial in helping you manage your costs. An insurance firm will look at the value of your office, the number of employees you have any how much cover you want. This will help them to design an appropriate policy.

Understanding how policies work can help you to reduce your premiums. You may have heard that a company might offer a lower premium if you take certain precautions such as adding security. While that may be the case, the real value comes in reducing the risk of needing insurance. Firms will look at how many claims you have made in the past five years. If you haven’t made any claims your risk profile will be lower and they will offer a cheaper premium.

Sometimes. An insurance firm may not cover for certain things.  There may be limits to how much cover you are allowed to take out. A company many not offer insurance beyond a certain limit. If claims are higher this could leave you covering the costs out of your own pocket. Any negligence on your part, such as forgetting to lock the office at night can also invalidate your insurance.

Every agency is different which means insurance will vary depending on their business needs. However, some of the most common covers include public liability (for claims regarding personal injuries or property damage), contents insurance (to protect your equipment from damage or theft) and employer’s liability – a legal requirement for any business that employs staff.