A comprehensive Office Insurance or Shop Insurance provides the following coverages:

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• Property coverage: protection of property within the office or shop premises, such as equipment, stock, and items for personal use, including those belonging to any owner or tenant of the premises. Such property is insured on a replacement basis, with the insured amount equivalent to the property's value when brand new.

• Accidental business interruption: protection against loss of income, costs of reinstating business, and professional accountant fees (if applicable) caused by accidental business interruption of more than 48 hours.

• Monetary coverage: protection against monetary losses including cash, crossed cheques, and non-transferrable receipts, whether on-premises, in storage, or in transit.

• Public liability: protection against legal liabilities arising from bodily injury, or loss or damage of property, caused to any third party in the course of business operation.

• Employee compensation: according to section 40 of the Employee Compensation Ordinance (Cap. 282), Hong Kong employers are obliged to take out insurance to cover liabilities for casualties at work in respect of all your employees.

  • The statutory minimum insurance amount is HK$100 million per event if the number of employees does not exceed 200,

  • HK$200 million per event if the number of employees exceeds 200, and

  • You are advised to carefully assess the risks involved and maximum liability to determine the suitable amount under this part of your cover.