Are you one of the approximately 12 million
Americans currently operating a home business? If so, please call us for
an insurance review. Homeowners' policies provide only limited protection
against theft, fire or liability for home business operators.
For example, most homeowners, policies
don't cover injuries to customers or suppliers who get hurt on your property.
Minimum protection is provided for business records and equipment. And
no coverage is included for loss of income or inability to collect on accounts
receivable due to damaged or destroyed records.
Here are three ways to purchase home business
insurance:
1. In some cases, it may be as easy as
adding an endorsement to your existing home policy.
2. Another possibility, depending on the
business, is to buy one or more individual policies to cover business property,
general liability and business income.
3. Or consider buying a business.. package
policy designed specifically for smaller businesses. It combines the property
and liability coverages into a single policy.
Other protections to consider:
Business auto. If you use your car for
business, you may need added insurance.
Health insurance. If you become ill, who
will pay the medical bills?
Disability insurance. If you're unable
to work due to .illness or injury, this could be the best insurance investment
you make.
Workers' compensation. If you have employees,
this is a must.
Umbrella policy. An umbrella offers extra
liability insurance that kicks in when the limits of the underlying policy
are reached.
For more information on insuring a home
business, please give us a call.