Secretarial Service Insurance

Finding the Best Secretarial Service Insurance

Secretarial Services Insurance

Secretarial services are part of the diverse document preparation services industry. This industry focuses on providing services like resume writing, editing and proofreading, typing and word processing, desktop publishing, stenography, transcription, and other administrative and secretarial services. 

Secretarial services often provide remote business, administrative, and secretarial support to clients who do not have a full-time staff or extra office space, but need continuous office and administrative support. 

Some secretarial services are larger, multi-employee businesses, while others are sole proprietors who operate out of home offices. 

If you own a secretarial service, you need business insurance to protect you from the property and liability risks that you have. This could mean a client getting injured while visiting your office, or a fire that destroys your office space. What’s more, if you make a mistake that leads to a financial loss for a client or if you are accused of negligence in your professional services, you can be sued. 

An independent insurance agent can help you find the secretarial service insurance you need to help you cover your losses and stay afloat if the worst happens. 

Why Do You Need Secretarial Service Insurance? 

What kinds of risks can threaten your secretarial service? Consider the following: 

  • Slips and falls at your office
  • Weather events destroy business property (buildings and their contents)
  • Fire and smoke 
  • Theft and vandalism
  • Employee injuries while at work
  • Lawsuits from clients, vendors, or the general public
  • Professional negligence
  • Damage to a client’s property

What Does Secretarial Service Insurance Cover? 

With the help of an independent insurance agent, you can determine which kinds of secretarial service insurance you need in order to protect your business assets. If you operate a small- to medium-sized firm with owned or leased office space and several employees, you will likely need the following types of business insurance policies, at a minimum. 

  • Commercial general liability (CGL) insurance: This protects your business if you cause injury or property damage to a third party. If a client falls and is injured at your office, your CGL insurance would cover direct costs related to the claim (e.g., medical bills), as well as lawsuit-related costs if you are sued. It pays for attorney fees, court costs, and any court-ordered settlements or judgments. CGL insurance also pays for claims related to advertising liability, slander, libel, and copyright infringement. 
  • Whether you own your office space or lease it, you need insurance coverage for your business property. Commercial property insurance reimburses you for property damage to building(s) and their contents if damaged by fire, wind, smoke, theft, or vandalism, and certain other causes of loss. 
  •  Business interruption insurance: Your commercial property policy should also include this important coverage. It can help you stay afloat if your office space is damaged by fire or some other covered peril and you must close or relocate while repairs are made. It pays for ongoing expenses (salaries, rent) and lost income that follow the loss. 

You might be able to purchase a business owners policy, or BOP. A BOP is a packaged policy designed for small- to medium-sized businesses. It bundles property, liability, and business interruption coverage into one convenient, affordable policy. Only certain businesses qualify for a BOP, and your independent insurance agent can help you determine your eligibility.

Professional Liability Insurance for Secretarial Services

Your clients rely on you for your skills and to perform your work as promised, without costly errors. If you or one of your employees is negligent and makes a mistake that leads to a financial loss for a client, you can be sued for the damage.

Even if a negligence claim against you is unfounded, you will still have to defend yourself if you are sued. Professional liability insurance protects you if your advice or services cause financial harm to a client. 

If you don’t have professional liability coverage, your personal assets could be at risk. A professional liability policy will pay for your legal defense, including attorney fees, court costs, and any settlements or judgments that you must pay.

Insurance for Home-Based Secretarial Services

If run your secretarial service out of your home full-time or even just some of the time, you may be uninsured or underinsured if you think you have coverage under your homeowners insurance policy. 

A typical homeowners insurance policy limits coverage for office equipment to around $2,500 — not nearly enough to replace a computer, printer, phones, desk, fax, scanner, or other equipment or supplies you need for your business. And your homeowners policy will not cover business liability, loss or damage of business records, and damage caused by business interruption. 

If you have a home office, you have several options in order to make sure you have appropriate coverage:

  • Endorsement to your homeowners insurance policy: You can add an endorsement to a homeowners insurance policy that provides more coverage for the home-based business or home office. This option is viable for one-person businesses without a lot of valuable equipment or business-related visitors. The endorsement will typically add about $2,500 in business equipment coverage as well as some additional liability protection at an affordable price. 
  • In-home business/home office insurance. Some insurance companies offer a specialty policy for in-home businesses or home offices. The in-home business policy includes certain features of business insurance policies designed for larger firms, but sometimes with much lower policy limits. A typical in-home business policy will provide $10,000 of business property coverage and a liability coverage limit typically between $300,000 and $1 million. It may also provide limited coverage for loss of valuable documents, accounts receivable, off-site business property, and use of equipment. 
  • Business owners policy: A BOP as described above is often recommended for home-based business owners who need more than $10,000 of business property coverage, as well as liability coverage for customer injuries and business interruption coverage.

Other Insurance Policies for Secretarial Services

You might need a variety of additional business insurance policies or endorsements for your secretarial service, depending on the size of your business and the number of employees you have. Talk to your independent insurance agent about your need for:

How Much Does Secretarial Service Insurance Cost? 

In general, insurance costs for secretarial services will vary depending on the size of your business, the number of employees you have, the amount and value of commercial property, the location of your business, and a variety of other variables. 

An independent insurance agent can guide you though your options so you get coverage that meets your needs and budget. 

Benefits of an Independent Agent

Our agents simplify the search process for finding the right secretarial service insurance. They’ll walk you through the handpicked policy options and explain the details.

Most importantly, they’ll be there for you when claim time comes. They know the ins and outs of the process and will make sure your claim is handled appropriately. 

The Lowdown on Online Quotes

Online quotes can be tempting. They are fast and easy to get — but are they accurate? And are you getting quotes for the right coverage? For business owners, choosing speed over accuracy can cost you.  

Online quotes can’t and don’t see the whole picture. They can omit important coverage that will leave you devastated if something unexpected happens. And they can leave out cost-saving opportunities that an agent can help you take advantage of. 

Instead of getting an online quote, find an independent insurance agent now, and get one-on-one consultation and affordable options for the best coverage for your unique needs. 

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TrustedChoice.com Article | Reviewed by Paul Martin

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