These days, many successful entrepreneurs and small business owners operate their businesses from the comfort of their homes. Just because its operating from a comfortable setting, doesn’t mean it doesn’t need to be insured just like any other brick and mortar operation.
It’s important for small business owners to know that neither homeowners’ nor renters’ insurance policies cover home-based businesses. Therefore, if you run a business out of your home, it’s wise to work with a professional who can provide you with more details on the kinds of home-based business insurance that’s available for your business.
A home-based business insurance plan will cover your office equipment, business inventory on and off-premise and business interruption insurance if anything were to happen to your home because of an insured loss.
Most importantly, it will cover you for additional liability for clients, delivery personnel and employees.