Are you one of the approximately 40 million Americans who operate a full- or part-time business from your home? Or are you thinking of joining their ranks? If you answered yes to either of these questions, have you given a thought to insurance?
If you answered no to the last question, consider this: While most people believe their homeowners policy will cover their at-home business, the truth is, depending on your insurance policy, your current policy may only cover up to $2,500 for business equipment in the home and $1,500 for equipment that is not on the premises. A stolen business credit card; a power surge causing the loss of important computer data; and a lawsuit over a business-related matter are not covered under a homeowners insurance policy.
Don’t think that’s enough coverage? Give our agency a call. We can review your business requirements and tailor a business insurance policy to fit your needs and the needs of your business.
You may be able to simply add a home business endorsement to your existing homeowners policy and get insurance coverage for business property; business liability, including product, personal injury and advertising liability; loss of business income protection; valuable papers coverage; and accounts receivable.
But since each business is unique, there are other insurance options we’d be happy to discuss with you. For example, if you run a business like a day-care facility out of your home, there are other insurance options and coverages you should consider. And, are you using an automobile for your business? You should purchase an additional auto insurance policy to make sure you’re covered on business-related errands.
There are a lot of questions when it comes to insuring your home business, and we’ve got the answers. Don’t wait until you have a business-related claim to find out you don’t have the proper coverage. Give us a call today.