In order to protect home businesses and their owners, home business insurance offers tailored coverage. Renters and homeowners’ insurance doesn’t typically cover business liabilities. If a client visiting your home office slips on a loose rug and is injured, for example. You could be responsible for the full cost of various medical and legal fees without business insurance. InsureWise LLC can help protect with the home-based business insurance coverage.
Does a Home Office Require Business Insurance?
If you have clients and business-related visitors coming to your home; require storing supplies, inventory or products in your home; you have employees working in your home; or potential damage to your home interrupt your business; you need home-based business insurance. It’s still a good idea to think about other business risks while these are some of the most common circumstances to consider.
What Does Home Based Business Insurance Typically Cover?
Below is a common home-based business insurance coverage:
Commercial Auto: For the vehicles you use for business, you need commercial auto insurance.
From cars and delivery vans to heavy trucks, you can cover most types of commercial vehicles.
Professional Liability: Professional liability protects your business against claims of negligence related to a professional service, also called errors and omissions (E&O) insurance.
General Liability: For home businesses, this is the most common coverage. For third-party injuries and damages for which you’re responsible, this helps cover the expenses.
Workers’ Compensation: You’re usually required to carry workers’ comp insurance if you have employees. Your employees are protected from injuries or illnesses that can occur at work.
Home Based Business Insurance Broker
If you are looking for a home based business insurance policy, you can count on the team of insurance brokers at InsureWise LLC to find the best policy for you. We can carefully compare insurance companies against each other to find the best fit for your needs. Contact us today to get started!