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Fairfax, VA 22030
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Home Based Business Insurance for Protection and Peace of Mind

- Friday, July 26, 2013

More than half of the businesses in the US are home based businesses but most of these small businesses don't have home-based business insurance. As insurance brokers, we find that most home based businesses don’t have insurance for the following reasons.

They think their home insurance will cover them. Most home insurance policies have a minimal amount of coverage for business property. So, if you have business equipment or supplies at your home, there will be little or no coverage.
 
Besides limited business property coverage, there is minimal coverage for Business Liability under your home insurance policy. If someone is injured doing business on your property or from your product or service, there will be little to no coverage or protection from loss.

They have never had home-based business insurance. Many home based business owners don’t think they face any risk. They haven’t had it and nothing has happened as of yet, so it must not be necessary. In the scenario that you suffer a loss, you will not be protected.

They don’t think they can afford it. Many home based businesses only need a home based business insurance policy which can literally cost less than a dollar a day. For the protection and peace of mind it can offer, home based business insurance coverage is worth it.

Contact TriState Business Insurance for more information.