Most home based business owners really enjoy running their business from home. There is a level of calm knowing you can walk right into your office to start your day. However, when you run a business from home you need to make sure you have the proper home based business insurance policy in place. This will protect both you and your business in the event of a loss. Too often a home based business insurance policy is overlooked, but if anything unexpected were to happen, a suitable and sufficient insurance policy could be the difference between your business succeeding or failing.
The last few years have seen a big increase in start-ups and home based businesses. But did you know that it is estimated that 40% of home based businesses are uninsured? Many uninsured home based business owners are under the impression that their homeowner's insurance policy will cover their business. This is incorrect.
With home-based business insurance you can ensure that you and your business will be protected. Home-based business insurance will compensate you for any property and assets that are destroyed or are considered irreplaceable. This business insurance policy also covers liability that occurs on your property pertaining to your business. For example, a delivery persona or client slip and fall.
Home based business insurance is not one size fits all, so be sure to have a policy that covers your needs and fits within your budget.
For more information on home based business insurance, contact TriState Business Insurance.