Home Businesses Have Unique Insurance Needs
If you run a business out of your home, it’s important to remember that your standard homeowners insurance policy does not cover losses from your home-based business. In fact, a traditional homeowners insurance policy may cover only up to $2,500 for property used in business in the home and $500 for equipment that is not on the premises. What else isn’t covered under a homeowners insurance policy? A stolen business credit card; a power surge causing the loss of important computer data; and a lawsuit over a business-related matter.
Our goal is to ensure that your dream business at home is protected. The proper coverage for your business may be as simple as adding a home business endorsement to your existing homeowners policy. This endorsement can cover your business property; business liability, including product, personal injury and advertising liability; loss of business income protection; valuable papers coverage; and accounts receivable. Each business will have its own insurance concerns: Do you have a company car? Are you running a day care or similar business? Does your business involve specialized, expensive equipment?
There are insurance options available to help you. If you think you may need coverage, please give us a call. We want you to get the protection you need for your home-based business. We can review your specific business requirements and tailor a business insurance policy to fit your needs and the needs of your business.