If you’ve recently switched to working from an at-home business, you may need to reevaluate your insurance policies to ensure that your business is protected. Research shows that over 60% of home-based businesses do not have sufficient business insurance.
Despite popular belief, your home-based business will likely not be covered under your standard homeowners’ insurance policy. You may choose to go the most inexpensive route and purchase an add-on or rider policy that expands your existing homeowners’ insurance policy to cover your home-based business.
The second option is choosing an in-home business insurance policy. This type of policy is best for those with expensive equipment and more liabilities. This also provides coverage against theft and injury.
You may also want to consider a business owner’s policy. This type of plan will protect you from loss of business equipment, liability for customer injuries, loss of critical records, malpractice, professional liability claims, loss of income, business interruption, and damage to business equipment.
Before moving to a home-based business, be sure to speak with your insurance provider about which option would best suit the needs of your business.
VGW Walker Insurance strives to provide Texas residents with the best insurance products based on your personal needs. Contact us today to insure your at-home business.
