Home Based Business Insurance

Well you are in good company with what has become a growing trend of more and more home based businesses.

You'll probably agree, it has it's definite advantages and disadvantages, but one of the primary concerns (in our humble if not a bit biased opinion) has to be insurance.

Or more to the point, the lack of insurance as all Home Insurance policies Specifically Exclude All Business Activity unless specially modified.

Outlined are some of the ways you can address this huge gap in coverage and protect yourself, family and property:

1) If you are an employee or in some cases, a contracted employee of a company, you can ask that your employer provide you with written confirmation that their corporate insurance extends to cover you and your business operations at your home.

You might want to go so far as to request a Certificate of Insurance that outlines the type of coverage, limits of liability, the insurance company it is placed with and expiry date.

2) Request that your Home Insurance policy be endorsed to cover your home based business operations & related property.

Depending on the insurance company that covers your home, this may not be possible as many companies will not extend their policies to cover any type of business operation, regardless of how harmless it may seem to you or me.

3) Apply for a stand alone policy to cover your business operations and related property.

Typically your basic business insurance policy starts in the $750 per year range and depending on the nature of your operations, has the potential to attract a higher premium.

Now we get interactive!

We can do a little 'shopping' around for you if you wish. Simply complete the information on our Home Based Business Application and we'll get back to you with what we have found.

Or alternatively call us to discuss it further the old fashioned way... in person!

If you have any questions about your business insurance, please feel free to email us;
John, Dick or Carol.