Carriage Drive.  Originally uploaded by Jan Tik.

Portland Press Herald:

Many homeowner policies provide only $2,500 of business personal property coverage at your house and $250 away from your premises. That will barely cover your desk, file cabinet and computer.

If you are using a garage that’s separate from your house for storage or any other business operation, you may be subject to a broad policy exclusion that excludes all coverage for that building.

Your home insurance provides no coverage for business interruption – payment for the lost profits and continuing expenses during the time it takes you to rebuild your business after a fire, windstorm or other insured loss.

Business liability incidents are also excluded by most home policies. A client visiting your home or an injury you cause would not be covered. There is no product liability insurance in a homeowner’s policy. Personal umbrella insurance offers no business coverage either.

via Chuck and the MLM Business Opportunities Blog.

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