3 Tips for Home-Based Business Insurance

Every business owner is aware that they need some type of insurance to protect them in case things go wrong. However, when it comes to home based business insurance, many people simply aren’t aware of what they need in order to stay protected. If you’re running a home based business, use these three tips to make sure you’re not financially liable if something does go wrong and to figure out how much coverage you need.

Home Based Business

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Evaluate Your Homeowner’s Policy

Your homeowners insurance policy probably doesn’t provide coverage for things like merchandise if you sell a product from your home and stock it in a spare room or in the garage. Your regular policy won’t cover other types of things like personal or bodily injury if somebody is hurt while visiting your home based business – something that may happen on a very regular basis for some business owners.

However, if you’re doing something like graphic design or telecommunication, you may find that your homeowner’s policy covers enough in electronics that you’ll be protected. Evaluate your policy and your needs.

Add to Your Homeowner’s Insurance

Some companies that offer homeowners insurance will work with you to provide extra coverage for your business. You’ll obviously have to pay for this, but it can be an ideal way to discuss and determine your needs.

Consider an In-Home Business Insurance Policy

Adding on to your homeowners policy isn’t always the cheapest and it may not be enough if you have clients visiting regularly or have employees. If that’s the case, you need a special home based business insurance policy that offers total coverage. Rates will be determined based on your type of business and coverage needs.

Contact Schumacher Insurance Agency for more  on home based business insurance and for all of your insurance needs.


About Schumacher Insurance Agency

Why trust us? What do we do different than every other insurance agency? Consider this an invitation to get to know us. We believe we are an exceptional team of protection specialists that work hard to do things the right way, to educate our clients on insurance, and make the experience effortless. We are excited to introduce a new insurance experience for our customers. We encourage you to speak with our team who can show you how different we are… from text messaging services for late payments to educational insurance concepts on Facebook. We will prove our innovative approaches to obtain the proper coverage’s for you, your family, your business. Insurance is likely not the most interesting affair for everyone, but it is most certainly ours! Yes, we are insurance geeks!

Posted on June 13, 2014, in Agency, Uncategorized and tagged , , , , . Bookmark the permalink. Leave a comment.

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