Learn how home business insurance gives you the coverage that you need.
When it comes to protecting your business, you’ll do all you can to keep your livelihood safe. You implement preventative policy and you invest in the right business insurance. When you work from home, however, your insurance gets tricky. Because you have homeowners insurance, you may assume that your business is covered. However, just because you work from home doesn’t mean that you’re off the hook when it comes to business insurance. You need a separate home business policy to protect your business. Get the right coverage and check out what you need to know about home business insurance.
While your homeowners insurance policy alone won’t give you the coverage that your business needs, you can endorse your homeowners policy to boost your coverage. That way you can raise your coverage limits so that you can rest easy knowing you’re protected when it comes to business property and liability. Keep in mind, however, that these endorsements are intended for small home businesses with one or two employees.
If your business is a bit bigger, it’s a good idea to expand your coverage. An in-home business policy can give you the added coverage that you need. Such a policy can give you the commercial property and general liability coverage that you need. However, the limits are a bit higher than the homeowners policy endorsement and there are limitations to this policy. It’s intended for small home businesses with up to three employees.
Business Owner’s Policy.
This type of policy gives you even more coverage limits. If your business is larger than three people, this type of policy is the way to go. It gives you the property and liability coverage that you need, plus it gives you business interruption coverage. It’s the perfect policy to keep your home business out of harm’s way.