Office insurance cost

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If you’re an office manager, you might wonder, “how much does Office Insurance cost — and is it really necessary?” After all, you may think that the biggest risk you face is a random paper cut. And if it’s Monday, maybe a paper jam in the copy machine. Well, we’re here to tell you that’s a common misconception.

As with any business, offices face risks involving third-party liabilities and commercial property that could jam up a lot more than your copy machine. Office Insurance can help cover you for those risks and the financial consequences they pose to your bottom line. Read on as we explain how much Office Insurance costs, the factors that affect your premium, and what type of coverage you’ll receive.

What factors influence Office Insurance cost?

Your Office Insurance cost is determined by factors including the size of your office, the type of work you do, and how many employees come to work under your roof. Here are some additional factors we typically review when determining your Office Insurance cost (and it only takes a few minutes):


“Location, location, location,” is a common refrain that applies to real estate. Well, it’s important for Office Insurance as well because it helps to determine your risk level — and your premium. Busy locations in densely populated, high-traffic areas generally mean more risk, and this gets factored into the cost of your insurance.

Number of employees

Human beings are fairly prone to making mistakes. And the more humans, the greater the chances of an accident. So, as a general rule of thumb, the more employees you have, the higher your Office Insurance will cost.

Amount of coverage you need

Higher coverage amounts cost more, but they also provide more protection. When we say “amount of coverage,” we mean the maximum amount of money that your insurer will pay for a claim, either for a single claim or for incidents occurring during the policy term.


The Office Insurance deductible is the amount you’ll pay out-of-pocket toward a claim before your insurance provider contributes. Select a lower deductible, and you’ll have lower out-of-pocket costs if you file a claim. But you’ll also pay a bit higher premiums. The reverse is also true.

Fire risk

Fire risk is an important aspect of Office Insurance cost. If you’re close to a fire station, that could lower your cost. The same is true if your office is built with fire-resistant materials and you have suppression systems like sprinklers.

What does Office Insurance cover?

Office Insurance is a specialized type of Business Owners Policy (BOP) that covers some of the most common risks your business faces (like out-of-control staplers). Here’s a summary of the main coverages you’ll receive:

  • General liability insurance: Covers bodily injury, property damage, and advertising damage to third parties (meaning people not employed by your business). If a client visits your office for a meeting and slips on a recently-mopped floor, they may sue you for medical expenses. You could be on the hook for hospital bills and expensive attorney fees. In addition to covering you for accidents like this scenario, general liability insurance also provides the investigation of claims in addition to your legal defense.
  • Commercial property insurance: Covers your owned building and the contents in your building or within a 100-foot radius— from your computer equipment to that old stapler — from loss or damage due to a covered peril.
  • Business interruption insurance: If a fire causes you to take an extended holiday, the bills won’t stop coming in. Business interruption insurance can help cover continued expenses and lost income due to direct physical loss or damage until you can get back to the office.

Coverage for 9 to 5 and beyond

They say that the only thing that can ruin a Friday is remembering it’s only Thursday. We say that getting hit with a claim from a customer would make your weekend worse. Office Insurance can protect your bottom line by including both commercial property insurance and general liability insurance. Thimble understands that to get ahead as a small business, you need to move fast. That’s why we keep things easy for you. Just download our app or click “Get a Quote,” answer a quick set of questions, and get Office Insurance within minutes.

Office Insurance cost FAQs

What other kinds of insurance do you need for an office?

In addition to Office Insurance, you will need to purchase commercial auto insurance if you have any company-owned vehicles. Also, if you’re in the business of offering professional advice, you will need professional liability insurance to cover you for the risk of errors and omissions that could lead to financial harm for your customers.

My business operates out of multiple offices. Will I be covered by a single policy?

Most likely not. Your Office Insurance will only cover a single location. To cover multiple locations, you will need to purchase a policy for each location.

Does office insurance cover my employees if they get injured?

No, it does not. To cover your employees for work-related injuries, you will need to purchase workers’ compensation insurance, which is required by most states for companies that have employees.

What is the difference between directors & officers insurance and Office Insurance?

Office Insurance covers offices for some of the most common risks they face on a daily basis. But directors, officers, and board members face unique risks that are not covered by Office Insurance, such as breaches of fiduciary duty and wrongful action accusations. To cover the unique risks that the “higher-ups” in a company face, you should consider directors and officers insurance (D&O).

We sometimes hold events at our office for our clients. Is that covered by Office Insurance?

Yes, if you organize an event at your office, you should be covered by Office Insurance. However, if a third party, such as an investor or customer, organizes an event, you should ask that they purchase event insurance and list you as an Additional Insured.