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How to Properly Insure Your
Business and Employees: Hiring Help

How Rajagopuram helps You?

If you're overwhelmed by the process, don't worry. You don't have to suffer through mounds of paperwork yourself.

You can navigate the process with the help of an Rajagopuram insurance Advisor, or our Team, who is a licensed individual representing a small business owner and works on commission or a for a service fee.

The Rajagopuram Team tries to find the buyer the best policy by comparison shopping. An insurance Advisor, also known as a captive agent, is an individual licensed by a state to sell insurance for one or more specific insurance companies.

Contact Rajagopuram associations to see if they sponsor an insurance program designed specifically for your business. Tap your personal and professional network for recommendations and referrals.

Our Insurance policy protects Your Office

No matter your company size, your people are your most important asset. They’re the backbone of your business. That’s why one of the most important aspects of running your business is keeping your employees happy.

Fire & Natural Calamities

While fire policies have inbuilt covers for many risks like flood, malicious damages etc., one still need the coverage for earthquakes or terrorism to be added. Depending on the type of business, a fire policy should be extended to cover associated losses which may result from the main peril.

Building and Furnitures

Leased office interiors and furniture damage is a tenant’s risk when the rental provides only for normal wear and tear.Insuring buildings and contents at acquisition cost often leads to an under insurance. One may miss insuring the cables and internal roads, exposing them to uninsured losses.

Servers & Laptops

Assets like servers, laptops, routers and storage devices require specialised insurance. These assets can be insured for short circuit, voltage fluctuations and breakdowns apart from fire and burglary. Laptops can be covered for the risk of theft or physical damage occurring outside the office.

Burglary and Theft

Burglary does not cover the risk of a missing asset taken away from office by an outsider without evident housebreaking. Unless specifically bought a rioting loot is not covered. An Employee theft cannot be covered by theft insurance. Leave to professionals to buy the right cover.

Business Interruption

A fire or flood damage to your office will also disrupt business continuity leading to revenue losses over months. While your business stalls, fixed expenses like rent, loan interest and salaries do not. A business interruption cover protects your fixed costs to keep your business running.

Fidelity and Money Cover

Detecting an employee fraud is difficult and losses are large. Losses from fraudulent wire transfers or bill payments can be recovered through a fidelity cover. Money insurance is taken to recover loss of “monies” stolen from office or looted from your employees outside the office.

Get Insurance That
Protects Your Office Space

  • Commercial offices are host to a wide range of businesses, from law and accounting firms to health care practices. No matter the industry, they all have one thing in common—the need for commercial office space insurance.
  • Business office insurance protects you from the unexpected events that happen in and around offices every day. If a client slips and falls down your stairs, or significant error in your work results in costs to you or your clients,
  • your business could be jeopardized—along with the livelihood of those who work for you. This coverage can help prevent that loss of livelihood from happening.
  • Whether you work out of a leased office, or a building that you own, Nationwide’s commercial insurance for small business offices offers protection and responsive claims service you need at an affordable price.
  • Accounting & bookkeeping offices
  • Architect’s offices
  • Attorney’s offices
  • Consulting office businesses
  • Veterinary businesses

Know About Home Office Insurance?

Do you operate a business from a home office? If so, does your business require furniture and equipment? If these items were destroyed by a fire, how much would it cost to replace them? Would your homeowners’ policy cover this cost? If a client or business associate was injured on your property and filed a claim against you, would your homeowners’ policy cover the claim?​

 

Homeowners Policy

Many business owners who work from a home office assume that their homeowner's policy will protect them against any property or liability losses that might occur. This assumption is incorrect. A typical homeowners policy contains a number of business-related exclusions or limitations.

HomeOwner Endorsements

Many homeowners insurers offer endorsements that expand the scope of coverage provided for business property.This endorsement extends the policy to cover a business owned by the policyholder if the business meets certain requirements. For details on how to expand your policy, consult Our insurance advisors.

Assessing Your Risks

Before buying insurance for your home office, you should assess your risks. First, take an inventory of all the property you use in your business, including computers and software. Next, you'll need to determine the replacement cost of your business property. You can check the prices of new furnishings and equipment at your local office supply store.

Does Business Insurance Cover My Office Rental?

If you’re renting office space for your company, having your own business insurance policy is a must. Even though the property owner or landlord is responsible for having insurance on the physical building, business insurance helps protect belongings and mishaps that are your responsibility.

Liability Coverage: For Your Business's Legal Protection.

Liability coverage is the traditional "slip and fall" insurance with which most business owners are familiar. If a visiting customer tripped and broke her ankle in your office, rather than a common area of the building, the liability coverage on your BOP could reimburse your customer for her medical bills, Rajagopuram explains. Liability coverage could also pay for legal costs or damages from a lawsuit if the injury was proven to be the result of your negligence. Since the fall occurred in your rental office.

Business Interruption Coverage: For Your Business's Earnings After A Loss.

Business interruption coverage helps pay for lost income and additional expenses you may incur if your business is affected by a covered risk. Suppose a fire seriously damages your rented office and you need to temporarily relocate. However, some key clients don't follow you to your temporary office and, therefore, your profits drop. With business interruption coverage, your policy would typically reimburse your business for lost income after you deduct ongoing business expenses you would have had to pay anyway.

Property Coverage: For Your Business's Belongings

Business property coverage may reimburse you if your company's material goods are damaged during a covered loss such as theft or a fire, explains Worters. For instance, while your landlord's policy may cover fire damage to the building itself, your insurance provider could step in to cover your company's damaged computers, furniture, phone systems, employees' belongings and more, she says. If your office was the target of a break-in, belongings that are stolen or damaged would typically be covered by your business insurance.

The Ploicy Provides the Financial Scurity

An office package policy also covers losses suffered by the employees. For instance, an employee on official tour can enjoy coverage for loss of baggage. Similarly, many office insurance policies provide coverage for personal accident and injuries.

As such, employees are ensured that losses that they suffer during the course of their employment would be duly compensated by virtue of the office package policy. This helps in boosting employee morale.

An office package policy is a simple and yet comprehensive policy which covers losses suffered by a business unit. Its coverage features are inclusive and it provides financial security not only to the business organisation but its employees as well.

So, this policy is an important cover for all business offices. Compare office insurance policies available in the market and buy one for your offices as early as possible.

Adequate Insurance is Key to the
Success of Your Business

Office Insurance is an issue every business owner needs to consider. Insurance is especially important to the small business owner because of the often close relationship between business and personal assets.

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Personal Losses on Your Business

An uninsured personal loss suffered by a small business owner can have a crippling effect on the business. How can personal losses affect a business? A solely owned, unincorporated business has no legal existence apart from its owner. Consequently, a large uninsured loss suffered by the owner can devastate the business. A business owner may be forced to sell business assets — or the business itself — to extinguish his or her debt.

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Personal Losses on Your Business

If you are like many people who run a small business, you do so by way of the "single pocketbook," that is, as a sole proprietorship. Even though, hopefully, you keep separate records related to the business, as far as the law goes you and your business are one being. If an auto accident, an accident at home, or another unforeseen event causes a big economic loss to you personally (rather than to your business), your ability to profitably run your business may be in doubt, even if the cause of the loss had nothing to do with the business itself.

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Personal Losses on Your Business

First, the loss may cut business profits, or make it necessary for the owner to pour more money into the business to keep it afloat.Second, the owner may have legal liability to others to pay for the business's loss. The extent to which a business owner can be held financially responsible for debts and legal judgments of his or her business depends on several things, including the legal form in which the business owner owns and operates the business.

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Personal Losses on Your Business

Even if you have taken steps to make your business a separate "person" in the eyes of the law, by creating a corporation or LLC, your personal economic losses may be detrimental to your business.

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Corporate Liability

You fail to respect the corporate structure by actions such as treating corporate property or money as your own personal property.Your corporation is under capitalized. That is, the corporation does not have anything near the amount of assets that it may need to meet liabilities.You voluntarily waive limited liability (such as by agreeing to guarantee, as an individual, the debts of your corporation).