Auto Insurance AUTO

Auto insurance protects you against financial loss if you have an accident.

Read More
Homeowners Insurance HOME

A standard policy insures the home itself and the things you keep in it.

Read More
Business Insurance BUSINESS

Discover the perfect insurance options to meet your specific and unique needs.

Read More
Life Insurance LIFE

Browse a variety of insurance options in order to find the right one for you.

Read More
Renters Insurance RENTERS

Learn about different renters coverage options for your specific needs.

Read More
Recreational Insurance RECREATIONAL

Finding insurance doesn't have to be difficult. We do the work for you.

Read More



Take a second to think of all of the businesses in the United States, in your state, or your county. Just driving down the road to your nearest grocery store, you pass at least ten, right? What if I were to tell you that you pass that same amount before even leaving your neighborhood?

According to the Small Business Administration, more than half of U.S. companies are based out of the owner’s home. And more than half of those in-home businesses are underinsured, or not insured at all.

Many are unaware that their Homeowner’s policy does NOT cover their home-based business. Sure, it sounds sensible, however, when the unexpected happens and it is business related, your coverages are limited. As a matter of fact, a lot of homeowner’s policies restrict coverage in this area, and some even consider it a violation of the policy.

YOUR NEXT STEP:

Take a look at your current homeowner’s policy. Read over it to see what is covered, and what is not. Then it’s time to consider a few things about your business:

Do you have valuable business equipment?
Are there employees and clients coming in and out of your home?
Do you keep inventory?
Do you conduct business away from the home?
Do you have an office, but work from home regularly?
Computer data? Income?

THREE MAIN WAYS TO PROTECT YOUR BUSINESS:

  1. ENDORSEMENTS: This is additional coverage. If you’re working at home for another employer, an inexpensive business endorsement can be made to your homeowners insurance. If computer or other business equipment is damaged, this coverage would apply to that. Consider this option if you have little to no visitors, or minimal valuable business equipment.
  2. IN-HOME BUSINESS POLICY: Some businesses function entirely through a computer. Files, client history, account information, etc. If your computer crashes, this coverage will help recover your accounts by hiring a service to regenerate your records. The in-home business policy is a step up for business liability. If you have steady foot traffic in and out of the home, general liability is included in this policy as well. If something happens to your home, causing your business to shut down, the in-home policy would cover lost income and other expenses related to your business.
  3. BUSINESS OWNERS POLICY (BOP): This is the most thorough and comprehensive coverage. The BOP covers at-home businesses that may operate in more than one location or businesses who manufacture products outside of the workplace. Like the in-home policy, it covers business property, data loss, loss of income, and liability, but on a much broader scale.

HOW WE CAN HELP:

If any of the above applies to you, give us a call! We are happy to answer any questions you may have, and to help you evaluate if an In-Home Business Policy is right for you. We look forward to hearing from you.

Share |


No Comments


Post a Comment
Name
Required
E-Mail
Required (Not Displayed)
Comment
Required


All comments are moderated and stripped of HTML.
Submission Validation
Required
CAPTCHA
Change the CAPTCHA codeSpeak the CAPTCHA code
 
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive


View Mobile Version
Facebook
Instagram
LinkedIn
Yelp
Carriers
Carriers
Carriers
Carriers
Carriers
Carriers
Carriers
© Copyright. All rights reserved.
Powered by Insurance Website Builder