Choose your plan

Choose your plan based on your company and office size. Every plan is customisable
Startups & Small Companies
Starting from

₹2,360

  • Sum Insured :₹10,00,000
  • Fire, water, and malicious damage
  • Burglary and Theft
  • All electronic equipment cover
Mid-Sized Companies
Starting from

₹12,000

  • Sum Insured :₹90,00,000
  • Fire, water, and malicious damage
  • Burglary and Theft
  • All electronic equipment cover
  • Earthquake and Terrorism cover
Large Companies
Starting from

₹45,000

  • Sum Insured :₹1,50,00,000
  • Fire, water, and malicious damage
  • Burglary, Theft and machinery breakdown
  • All electronic equipment cover
  • Earthquake and Terrorism cover
Enterprises
Starting from

₹75,000

  • Sum Insured :₹5,00,00,000
  • Covers Building & Contents
  • Multiple locations
  • Full range of add-ons

What is Office Insurance Policy?


Office insurance, also known as office package policy, protects your office premises and its contents from various perils.

As a company grows, a lot of expensive equipment and furniture tends to accumulate in the office. In addition to all this, the premises itself are vulnerable to acts of god such as fire, lightning, floods, storms; as well as malicious damages like riots. Theft and Burglary are also major concerns where expensive equipment is concerned.

An Office protection policy, or office insurance is essentially the same as a fire policy(standard fire and special perils policy, to use formal jargon), except customised to a standard office.

With Perilwise, you can now get office insurance online! All you have to do is answer 5 questions and you get live quotes. You can also choose from over 8 add-ons and pay online, for maximum convenience.

A Perilwise representative will also be available on call if you require any help. Try it out now!

Fresh Business only

This particular package policy only applies to Fresh business, if you have an existing policy and want to renew, contact us here

Basement Risk

If you have a basement used for anything other than parking or non-electrical utilities, then the prices are not valid. Don’t worry, our experts can still get you quotes via email!

Asset Capitalisation and Designation of Property clauses

These are standard clauses in any Fire policy. Basically, anything a company insures under this policy has to be a part of its asset register, it must be an asset owned by the company.

Detailed List

After making the payment for the policy, you will need to submit a detailed list of assets that you want covered. The section wise value of these goods cannot exceed the limits in the policy. In case of a difference, you can pay the extra premium or get a refund.

Underinsurance Clause

If you have an asset worth INR 100, which you have insured with sum insured as INR 50, and there is a damage worth INR 10 to said property, then the insurer will pay out your loss in proportion, and will only allow a claim of INR 5. This is known as underinsurance clause. The insurer will calculate the loss as a percentage of your total assets at the location, and apply that to the sum insured. This is done to prevent fraud.

Kutchcha construction

The office has to be brick and mortar construction and not wood, hay, thatched roof, etc. In case your premises are made of such materials(aka ‘kutchcha’ construction), contact us for a quote.

Base Benefits

Fire, lightning and explosions

An office package policy covers any damage to your premises or contents due to fire, burns caused by lightning, or explosions.

Storms, floods and inundation

also known as STFI(Storm, Tempest, Flood and Inundation) cover, an office insurance policy will cover your damages from water ingress due to the mentioned causes as well.

Riots, Strikes, and malicious damage

An office package policy also covers damage to the premises or contents from riots, or malicious intent.

Electronic equipment

There is an add-on to help protect all electronic equipment from damage due to fire, malicious damage, theft, or accidental damage. Portable electronic equipment (company phones, laptops) are covered separately from non-portable equipment(such as printers, desktops, etc.)

Burglary & Theft

Burglary and theft are both offered as an add-on. The difference between burglary and theft is that burglary involves forced entry, while theft does not. Money and jewellery aren’t covered in benefit, money insurance add-on will cover that risk for you.


The above are the main and standard benefits of an office package policy, and are included as base benefits. However, there are also add-ons offered, such as:

Add-ons

Machinery Breakdown

An office protection policy covers the complete breakdown of any machinery, such as Air Conditioners, refrigerators, etc.

Plate Glass

Plate glass cover protects any glass components you may have (such as partitions, walls surrounding meeting rooms, etc.)

Public Liability

Office insurance also offers public liability cover. This add-on covers any legal liability from death or bodily injury to a third party at your office premises.

Terrorism

A standard office package policy add-on, terrorism cover protects the entire premises and contents from terrorism damage.

Earthquake

Earthquake cover is also a standard addition in any fire insurance policy, especially office insurance policy.

Fidelity Guarantee

This add-on protects a company from the effects of fraud of one or all of its employees. This add-on is offered as part of an office protection policy but is best taken as a separate liability over instead.

Leasehold Improvements

Often companies move into a building as tenants and make small changes to the structure to convert it into an office, such as false ceilings, partitions, etc. In an office protection policy, these changes need to be mentioned separately, especially if the office building itself is not being insured(i.e., it’s a rented office space)

Money Insurance

Money insurance protects money in the office from theft/burglary/damage. To avail this add-on, you will have to declare limits to how much money will be in the office, how much in a safe, and max amount in transit at any given time/year. In an office package policy, usually just declaring how much money is going to be in the safe at any point is enough.

Tenant’s Liability

A tenant’s liability or renter’s liability add-on is available in office insurance policies if you are renting the office space. The add-on covers your legal liability to your landlord in case any of your actions result in the landlord having to pay(for repairs, etc.). In some cases this may be a mandatory requirement.

1. War, and war like perils

2. Acting on behalf of or in connection with any political organisation

3. Requisition or destruction or damage by order of any government, public, municipal or local authority

4. Nuclear Reaction, Nuclear radiation or radioactive contamination

5. Wilful negligence of the Insured or his representative

6. Derangement of the Insured property not accompanied by damage otherwise covered by this policy

7. Pre-existing faults or defects at the time of commencement of the office insurance policy

8. Wear and tear, cavitation, erosion, corrosion, incrustation, gradual deterioration due to atmospheric conditions

9. Normal maintenance of the insured items

10. Loss of or damage to hard disk & read-write head whilst in transit except when damage is caused by an insured peril to the whole computer

11. Scratches on painted polished or enamelled surfaces

12. Any unexplained disappearance of the Insured item

Companies also bought

Businesses who bought Office Insurance also bought the following product as part of their insurance coverage

Professional Indemnity

Professional

Also known as an errors and omissions (E&O) policy, this policy provides insurance against third-party legal liability arising out of errors and omissions or negligence while...

Commercial General Liability

Commercial General

Also known as General Third Party Liability, this plan covers a range of liabilities faced by a business. The major protections available are against bodily injury, damage to property...

Group Health Insurance

Health

Also known as Mediclaim, or Group Mediclaim insurance, This policy provides health insurance to your employees. As an employer, ensuring the well-being of your employees...