Home-Based Business Insurance: Don’t Take the Risk
Home-Based Business Insurance: Don’t Take the Risk
Home-based businesses are becoming increasingly popular, but many homeowners don’t realize that their homeowners’ insurance policy doesn’t cover business losses. This can be a costly mistake, as business assets and inventory are not typically covered under a homeowners’ policy.
If you have a home-based business, it’s important to purchase a separate business insurance policy. This type of policy will cover your business assets, inventory, and liability claims. It’s also important to make sure your policy covers any special risks associated with your business, such as if you have clients coming to your home or if you store hazardous materials on your property.
Here are some of the benefits of having a separate business insurance policy:
- It covers your business assets and inventory. This includes things like computers, equipment, inventory, and supplies.
- It covers liability claims. This means that if someone is injured or their property is damaged while they are on your property or using your products or services, your insurance company will cover the cost of damages.
- It covers special risks associated with your business. For example, if you have clients coming to your home, your policy may cover liability claims that arise from these visits.
Purchasing a separate business insurance policy is relatively simple and inexpensive. You can contact your independent insurance agent to learn more about your options and get a quote.
Contact us today to learn more about how we can help you protect your home-based business.
Do you have questions about your insurance? Find an insurance agent near you with our Agent Finder
Search All Blogs
Search All Blogs
Read More Blogs
5 Strategies to Increase Your Chances of Business Success
5 essential steps for building a successful business.
Life Insurance: Unpacking the Unusual Questions
Life insurance: Answers to your burning questions.
Age and Driving: Understanding the Changes and Staying Safe
Driving safely as we age: Tips for older drivers and their loved ones.
More Than Just a Cover: Understanding the Crucial Role of Your Roof
Discover the hidden benefits of a well-maintained roof: From weather protection to energy efficiency and increased property value.
The Surprising Truth About Gift Cards: More Than Just a Piece of Plastic
Gift cards: The good, the bad, and how to choose wisely.
The 5 Most Common Reasons Why Businesses Fail
Discover the top 5 reasons businesses fail and how to avoid them.
Finding Your Footing: Simple Steps to a Healthier You
Discover how small, consistent steps, like daily walks, can lead to significant improvements in your overall health and well-being.
Unsolved Automotive Mysteries: Debunking Car-Related Curiosities
Car questions answered: From “blinkers” to “bucket seats,” discover the surprising origins behind familiar automotive terms and practices.
Greenify Your Home: 5 Must-Have Indoor Plants
Discover the top 5 indoor plants that can transform your home into a healthier, more vibrant living space.
A Glimpse into Old Florida: Iconic Attractions of the Past
From natural wonders to classic theme parks, explore the heritage of Florida’s iconic attractions.