Insurance and Your Home Business
The idea of running your business from home has appeal: The commute time is negligible and you can conduct staff meetings in your slippers. But, before you convert your basement into your home office, make sure you’ve thought about your insurance coverages and that you’ve called our office. We can review your business requirements and tailor a business insurance policy to fit your needs and the needs of your business. A traditional homeowners insurance policy may cover only up to $2,500 for items in the home used in business 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.
Addressing these concerns may be as simple as adding a home business endorsement to your existing homeowners policy. This endorsement will cover your business property; business liability, including product, personal injury and advertising liability; loss of business income protection; valuable papers coverage; and accounts receivable. However, all businesses are unique. Will you have a company car? Are you running a day care or similar business? Does your business involve specialized, expensive equipment? We can help you examine all your options.
Don’t let the appeal of an at-home business be affected negatively by a business-related insurance claim. Call us today and have peace of mind tomorrow.