In every town or city in the UK, if you search for leased office space, you will find there are two options available. Firstly, where you lease an office in it’s entirety and secondly, where you rent space in a serviced office.
In the second example, you will still have your own separate lockable office but it will be within a block with other offices and business units. As part of the lease in a serviced office, you will usually have the option of not only renting the space, but also tables, chairs and office furniture.
You will not need, therefore, to arrange insurance for these contents when you move into your office. It is all about insurable interest, if you do not own a particular piece of equipment or buildings, then ordinarily you cannot insure it. The only exception is where the terms of the lease insist on you insuring the asset in question.
When you do move into your office, you will have a requirement to arrange office insurance for your computer equipment, portable equipment, liabilities and professional indemnity if required.
The computer equipment cannot be covered by the company that owns the serviced office because, as mentioned above, they do not have any financial interest.
Most UK commercial insurance companies will have some form of package policy which combines the covers you require. Minimum premiums for these packages start at £262.50, with monthly instalments available, if you speak to a business insurance broker.