Office Insurance
A comprehensive insurance policy specifically designed for SMEs in Hong Kong
Plan Highlights
 |
Loss or Damage to Office Contents Temporarily Removed from PremisesProtection against loss of or damage to digital cameras, DV and other surveying equipment when temporarily removed from the premises |
 |
Loss Arising from Mechanical or Electrical BreakdownFixed computers, systems and data are protected against mechanical or electrical breakdown |
 |
Loss Caused by TheftPersonal property of your employees is protected against any loss caused by theft up to HK$20,000 per year |
 |
Public Liability CoverUp to HK$10,000,000 per event |
 |
Coverage for Trade Samples in Transit in Hong KongUp to a limit of HK$50,000 |
 |
Office Notebooks CoverOptionally covered across borders |
Plan details
Benefits
| Coverage | Maximum Benefits Payable (HK$) |
|---|---|
Office Contents |
|
| Equipment or machinery (unless specifically mentioned) | $100,000 per item |
| Computer systems’ records | $10,000 per item; $50,000 in aggregate |
| Deed, document, card, tape or transparency | $5,000; $20,000 in aggregate |
| Personal effects | $5,000 per person; $20,000 in aggregate |
| China, porcelain, work of art of curiosity | $10,000 per item; $100,000 in aggregate or 10% of Sum Insured whichever is the less |
| All loss or damage | Sum Insured |
Plus free extensions: |
|
|
Contents temporarily removed from premises: i) Surveying or photographic equipment |
$5,000 in aggregate |
| ii) Documents in transit within Hong Kong | $5,000 per loss |
| iii) Trade samples in transit within Hong Kong | $50,000 per loss |
| iv) All other property | 10% of Sum Insured on Contents |
| Damage to office contents affected by decoration works at the premises | Covered; subject to contract value not exceeding $500,000 |
| Damage to office premises in case of theft or attempted theft | Covered |
| Removal of debris | 5% of Sum Insured |
| Fire extinguishing expenses | $10,000 |
| Breakdown of computer equipment: | $100,000 in aggregate |
| i) Costs of repair or replacement | $100,000 in aggregate |
| ii) Additional expenditure incurred for the use of substitute computer equipment | $50,000 in aggregate |
| Replacement of locks & roller shutter door | $5,000 in aggregate |
| Loss of rent | $10,000 in aggregate |
Business Interruption |
|
Additional ExpenditureAdditional expenditure such as the cost incurred for temporary premises and facilities if applicable |
$750,000 per year |
Plus free extensions: |
|
| Professional accountants’ charges | 10% of the total Sum Insured |
| Denial of access for more than 48 hours to your premises due to damage to property in the vicinity of the premises | 10% of the total Sum Insured |
Loss of Money |
|
| In your premises during business hours, in transit or in a bank night safe | $50,000 |
| In your premises out of business hours and in a locked safe or strongroom | $20,000 |
| In your premises out of business hours but secured other than in a locked safe | $5,000 |
| In your residence or that of your directors, partners or employees | $3,000 |
| Crossed cheques and other non-negotiable items | $500,000 |
Plus free extensions: |
|
| Damage to safes or cases directly associated with theft or attempted theft | $30,000 per loss |
| Cash cheque signed under violence or threat of violence | $10,000 in aggregate |
| Suffer bodily injury or death as a result of attempted theft during business hours | $30,000 |
| Loss of money arising from fraudulent or dishonest act of any of your director(s), partner(s) or employee(s) | $50,000 |
Public Liability |
|
| Legal liability to third parties due to bodily injury and/or property damage arising from your business | $10,000,000 per event |
Plus free extensions to cover the legal liability incurred by the insured and arising from:
|
|
Optional Covers |
|
Loss of Gross Profit
|
Sum Insured |
Employees’ Compensation |
|
| Liability under the Employees’ Compensation Ordinance for employees’ bodily injury or death arising out of and in the course of employment | Per Employees’ Compensation Ordinance |
This benefit table is only a summary of product features and does not constitute any part of the policy itself. Full details of the policy cover, exclusions and excess imposed for each section can be found in a copy of the Office Insurance policy. Ask your insurance advisor for details.
In the event of any discrepancy between the English and Chinese versions of any of the above details, the English version shall prevail.
For details of coverage, terms, conditions, and exclusions, please refer to the policy wording.