Home-based businesses are becoming increasingly popular, but many homeowners don’t realize that their homeowners’ insurance policy doesn’t cover business losses. This can be a costly mistake, as business assets and inventory are not typically covered under a homeowners’ policy.
If you have a home-based business, it’s important to purchase a separate business insurance policy. This type of policy will cover your business assets, inventory, and liability claims. It’s also important to make sure your policy covers any special risks associated with your business, such as if you have clients coming to your home or if you store hazardous materials on your property.
Here are some of the benefits of having a separate business insurance policy:
Purchasing a separate business insurance policy is relatively simple and inexpensive. You can contact your independent insurance agent to learn more about your options and get a quote.
Contact us today to learn more about how we can help you protect your home-based business.