Yes! You DO Need Home-Based Business Insurance

LEVEL-UP YOUR HOME-BASED BUSINESS

Like many other entrepreneurs, you may believe that your home-based business doesn’t need business owners insurance because you have none of the risks that come with running an office. But this couldn’t be further from the truth. Even if you operate from your garage, your basement, or a tent in the garden, your home-based business faces many of the same risks.

The information era has made entrepreneurship a household word. It has allowed so many of us to start up our own businesses. Home-based businesses can be found in every corner of the country. In fact, the number is almost 15 million home-based businesses in the US.

Running a business from home changes the insurance coverage that you need. The last thing you want is to believe you are fully covered by your homeowners policy, when in fact you are not. Many liability claims have been denied because they were business claims rather than homeowners claims.

Get The Best Home-Based Business At The Best Price. Get It Now.

You Need The Best Home-Based Business Insurance

Commercial General Liability Insurance

This coverage protects rental property owners against claims of alleged or actual bodily injury or property damage to third parties (these include visitors, tenants, delivery persons, etc.). The general liability coverage is important in protecting you from lawsuits.

Commercial Property Coverage

This insurance coverage will protect you against the loss of your apartment building as well as other type of buildings and structures like offices, and garages, swimming pools, storage buildings and fences within the complex.

Loss of Income Coverage

This insurance coverage reimburses apartment owners for the loss of income due to damage by a covered loss (like fire or storm).

Equipment Breakdown Coverage

As a building owner, you might have heating and cooling units, for example. This insurance coverage will typically apply to such equipment breakdown. The loss must be sudden and accidental. Wear and tear is not included in this type of insurance policy.