Home Based Business Insurance
Entrepreneurs have been operating businesses from their homes for decades and some of the largest companies today once started from their own personal garages. Operating a business from your home does not change the fact that you need to alter your insurance packages to ensure that you, your home, and your business are properly covered while you are operating the business from your house.
There are types of businesses that may allow you to operate while under your normal house insurance policy by adding an endorsement to the policy, but if your home based business has any of the following characteristics, you may want to ask your broker if you need a commercial insurance policy:
- Customers visit your home
- You keep inventory at your home
- You have employees at your home
- You keep confidential records at home (cyber insurance)
- If you're a professional service, you may want to consider an E&O policy to supplement your coverage