Why Home Based Businesses Need Insurance

If you’re running a small business out of your home, it might be time to think about whether you’ve got the right insurance coverage. Not all policies are created equal – if you’ve got homeowners insurance for your residence, it likely does not cover commercial property or damage incurred while using your home for commercial purposes.

This article from Small Business Trends can help you understand why you need insurance for your home-based small business:

Is yours a home based business? You’re not alone if that’s the case. More than half of the businesses in the United States are based out of the owner’s home, with more being added every year, according to research by the Small Business Administration.

If so, is yours also one of the 60 percent of small office home office businesses that lack adequate business insurance, according to the Independent Insurance Agents & Brokers of America?

Read the source article at Small Business News, Tips, Advice

Where Your Business Property Is & Isn’t Covered, According to Your Insurance

Getting commercial property insurance for your business is a no-brainer, but the things your policy doesn’t cover aren’t as obvious to most small business owners. If you depend on commercial property insurance to protect your business, make sure to reach out to your agent for clarity on what your policy does and does not cover. There could be certain types of damage that are excluded or if your property is in transit often, it may not be covered while on the move.

Learn more about what limitations you should be aware of on Insureon:

Commercial Property Insurance is a cornerstone policy for your business, but it does have limits. Cover your gaps with Inland Marine and Commercial Auto.

Read the source article at Small Business Insurance Quotes