Insurance
Ultimately, we advise both users and operators to obtain suitable insurance coverage to protect against the various inherent risks associated with coworking spaces. In Hong Kong, business insurance packages will usually cover all necessary risks under one single contract.
The business package will usually include:
The General Liability clause
to protect your liability towards the member
Property insurance
to cover damage or loss to coworking space premises
Professional Liability Insurance
known as errors and omissions insurance which may protect you against claims of negligence and errors in the services you offer
Cyber liability Insurance
to cover financial losses and legal expenses caused by cyber incidents
Business Interruption Insurance
to cover lost income and ongoing expenses when your coworking space stop operating
Workers’ Compensation Insurance
to provide coverage for medical expenses, lost wages, and recovery costs if your stuff gets injured
Make sure to purchase an insurance package before entering into a co-working space contract!
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Disclaimer: Nothing in this website is intended to be nor should be construed as legal advice. This is an educational project created by students. Please consult your lawyer for legal advice.