Office Furniture

Office furniture is usually furniture intended for use in an office. How do you insure your office furniture? You need to know how much it would cost to replace your office furniture at today's prices. Then you determine if you wish to cover your investment in this furniture with insurance.

Is your business operating out of your home? If so then you will need to calculate the value of the furniture in the office separate from the rest of your home. If you have purchased business insurance then this amount should be considered in the Property of Every Description (POED) or Office Contents category. You also will consider any inventory or stock you may have on hand. Your computer system and other electronic equipment may be included or you may list it separately. This is something you need to choose depending on your particular situation.

If your office is outside the home then the office furniture is part of the calculations used for replacement cost of the contents inside the building. Again, you need to choose which method you wish to use. Ask your broker or agent about what is available for your particular type of work or situation.

If your business requires extensive storage of paper-based data then you will want to have specific coverage for this exposure. You might have special computer systems or telephone lines. This might require some equipment breakdown coverage specific to that area.

Ask questions and review your options so you get the best value for the money you pay for premium to cover your office furniture.