Insuring a Home-Based Business
The same general principles of insuring a small business apply to home-based businesses, but there are also some special considerations you should be aware of.Never rely exclusively on your normal homeowner’s policy. If you do, bad things can happen:
- After your computer is stolen, you may find out that it’s not covered by your homeowner’s policy because business property is excluded.
- After your house burns down, you may find that the fire coverage is void because you didn’t disclose your business use to the insurance company.
- After the UPS delivery person slips on your front porch and breaks his back, you may find you’re not covered for injuries associated with business deliveries.
via Small Business CEO.
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