Shield Insurance Blog | Home-Based Business | Business Insurance | Start A Quote
Having a home-based business is a booming trend these days. Who wouldn’t want to work from home (in their slippers if they want), be their own boss, and avoid the traffic and corporate office hassles? Just a couple of examples are Pampered Chef, Tastefully Simple, Lu-La-Roe, Photography, Real Estate Sales and so many more. Most home-based business owners have homeowners insurance and assume they are completely covered for whatever goes on inside their homes. This could not be more wrong! It is important to talk to your insurance agent about what actually is covered & what is excluded since most business exposures in the home/on-premises are excluded. Also, operating your business from home without telling your insurance company could also void your entire homeowner’s insurance policy and result in a claim being denied. So how will you know if you need a separate insurance policy for your business? Answer these questions and talk to your agent:
- Do I have clients come to my home?
- Do I keep inventory or supplies in my home or in an off-site location?
- Do I have client or employee records on my computer?
- If I had to close my business due to damage to my home would I lose income?
Having the right coverage for these and many more scenarios is key to a successful and financially responsible business. Why leave yourself financially responsible for lawsuits or issues related to data loss? There are so many options available for the right coverage for your small business! Give us a call and talk to one of our commercial experts today & protect your investment!
-Tammy
