office insurance

Whether you operate a small 1-person office or a large multi location office, the SeaFirst Office package is designed for you.

This package provides coverage for Contents, Crime, Loss of Income and General Liability. The policy combines a broad coverage for most of the exposures you face at a very competitive price.

Please refer to the summary sheet below, which highlights the policy coverage and extension features. Also below you will see a brief description of the perils insured for with the SeaFirst Office Package Policy.

Business Contents

Our Office Form provides coverage for your Stock, Equipment, Tenants Improvements and Customers Goods, on an ‘All Risk" basis subject to standard underwriting exclusions such as wear and tear, physical depreciation, vermin, and war risk. In addition the policy would include the perils of Earthquake and Flood

The standard policy deductible is $500, with a 5% Earthquake deductible, $10,000 for Flood, and $2,500 for Sewer Backup. It also includes Glass with the standard deductible, which can be optionally reduced to $100.

Loss of Income

This policy provides you with Loss of Income protection. When you suffer an insured loss you expect your policy to replace the items that have been lost or damaged. However if your premises has suffered a serious loss and you are unable to operate until repairs are complete, you may suffer an income or cash flow loss that may put you out of business. Our policy is designed to mitigate that situation.

Coverage for your loss of income due to an insured peril is insured on an Actual Loss Sustained basis. Rather than having a set limit of coverage our policy will continue to pay your Actual Loss of income that you sustain until such time as your income returns to its pre--loss level. As you can tell from the summary, extensions for additional costs for Extra Expense and Professional Fees are included.

Crime Coverage

Insurance for loss due to crime has a limit of $5,000 subject to an overnight limit for cash of $500. Please see the summary for details on the array of coverage’s provided by our package.

Liability

The Liability portion of the policy protects and defends you against legal action arising from actual or alleged negligence, which has resulted in third party Bodily Injury, Property Damage, or Personal Injury. This is designed to protect you against the financial consequences for your business of a customer slipping or falling on your premises

The Seafirst Office Package has been designed as a complete and comprehensive cover for virtually all business exposures. Rest assured, at Seafirst we’ve got your office insurance needs covered! Please take a moment to examine the extensions of coverage available in our Office Package below.

OFFICE PACKAGE POLICY - COVERAGE SUMMARY & FEATURES

PROPERTY ALL RISK OF DIRECT PHYSICAL LOSS OR DAMAGE INCLUDING THE PERILS OF EARTHQUAKE, SEWER BACKUP, & FLOOD

• $500 BASIC DEDUCTIBLE, 10% EARTHQUAKE, $10,000 FLOOD, $2,500 SEWER BACKUP
• REPLACEMENT COST BASIS OF SETTLEMENT
• FIRE DEPARTMENT CHARGES $5,000
• NEWLY ACQUIRED LOCATIONS $50,000
• ACCOUNTS RECEIVABLE $5,000
• BURGLARY DAMAGE TO BUILDING $5,000
• DEBRIS REMOVAL $ INCLUDED
• TREES, PLANTS SHRUBS $500 per item
• LEASEHOLD INTEREST - 12 MONTH LIMIT $500
• PROPERTY OFF PREMISES $5,000
• PROPERTY OF EMPLOYEES INCLUDED
• PROPERTY IN TRANSIT $5,000
• PROPERTY WITH SALES REPRESENTATIVES $5,000 VALUABLE PAPERS $5,000
• PEAK SEASON ENDORSEMENT ADDITIONAL 25% OF SUM INSURED
• MINI COMPUTER COVERAGE $ INCLUDED|
• SOFTWARE $10,000
• MECHANICAL & ELECTRICAL BREAKDOWN @ $1,000 DEDUCTIBLE

LOSS OF INCOME

• PROFITS FROM -- ACTUAL LOSS SUSTAINED
• EXTRA EXPENSE $5,000
• AUDITORS FEES $5,000

BUSINESS LIABILITY

• PREMISES, OPERATIONS, PRODUCTS & COMPLETED OPERATIONS, EMPLOYEES AS ADDITIONAL INSUREDS $1,000,000
• PERSONAL INJURY & ADVERTISING LIABILITY $1,000,000
• POLICY LIABILITY MAY BE INCREASED $ 2,000,000
• MEDICAL PAYMENTS $ 10,000
• TENANTS LEGAL LIABILITY $ 100,000
• NON OWNED AUTOMOBILE LIABILITY $ 2,000,000

CRIME COVERAGE

• EMPLOYEE DISHONESTY $5,000
• LOSS INSIDE/OUTSIDE THE PREMISES $5,000
• SAFE BURGLARY $5,000
• MONEY ORDERS AND COUNTERFEIT MONEY $5,000
• DEPOSITORS FORGERY $5,000
• MEDICAL EXPENSE $5,000
• OVERNIGHT THEFT OF MONEY $ 500