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.