Protecting Your Home Based Business

Man in home office using computer holding paperwork and smilingHome Business Insurance Protection

More and more people are forgoing the traditional office commute and opting to work out of their home. There are many benefits that are associated with working from home, including making your own schedule and being closer to family. If you are thinking of starting up a home based business, make sure to keep these insurance considerations in mind.

If you are running a relatively small business out of your home, you may be able to add an endorsement to your existing homeowner’s insurance policy to protect your business. Since typical home insurance policies will only provide up to $2,500 worth of business equipment that you keep at your house, you may find yourself digging into your pockets to pay for any damages. However, if you add an endorsement to your homeowner’s insurance policy, it will raise the limits to ensure that you have enough coverage for your home based business.

If you are running a larger, more successful business from your home, you should consider investing in a business owner’s policy, also known as a BOP. BOPs are a package policy, and were specifically created for small to mid-sized businesses. Most BOPs will provide liability insurance, property insurance, and business interruption insurance. Since the coverage options are bundled into one single policy, they usually come with a much lower monthly premium than if you were to invest in all the coverage in different policies.

For all of your commercial insurance needs and to ensure that your home based business is protected, contact the insurance experts at Desert Empire Insurance in Palm Desert, California. As an independent insurance agency, we will work with you to make sure that you have the coverage that you deserve, all at the right price to fit your budget.