Everything You Need to Know about Home-based Business Insurance
Many home-based business owners assume their homeowner’s insurance policy will cover their business, but it doesn’t. Homeowner’s insurance protects your personal belongings in the event they are destroyed or damaged by a covered claim. It also covers personal liability claims if a third-party files a lawsuit for injury on your property or your child breaks a neighbor’s window playing baseball in the backyard.
Many homeowner policies include exclusions for business-related activity and property. To fully protect your business, assets, and reputation, you need a home-based business insurance policy.
Scenarios to Consider
Take a look at some the potential risks you face running a business out of your home:
Fire Destroys your Inventory:
Damage to Customer Property:
Where to Find Home-based Business Insurance
Finding insurance for your home-based business isn’t difficult. Contact your local independent insurance agent for more information. They will be able to recommend carriers and offer multiple quotes so you can review your options. Buying home-based business insurance is the best way to fully protect your business from a lawsuit or loss that you financially cannot afford to payout of pocket.
Rumbaugh Insurance has been helping home-based business owners in Hanover and the surrounding South Central PA areas since 1972. Call one of our insurance professionals at 717-632-6001 or fill out the form for more information.