Many people believe that because they don’t have an office or facility outside of their home, they don’t need business insurance. That can be a costly mistake for those with an in-home business.
Insuring your in-home business will take steps beyond what your homeowners insurance will cover. You should look into commercial insurance and in particular, look at your liability insurance. Commercial insurance can protect the assets of your in-home business, including any inventory, technical equipment and even loss of business due to an unfortunate loss in your home. In addition, liability insurance can cover you in case of an injury occurring in your home that is from a business related meeting, demonstration or other activity.
If you have a home based business you should contact an insurance agency to find out more about commercial insurance and how it can protect your investment. Insuring your in-home business takes more than having a homeowner’s insurance policy. If you have questions, contact us. We will be happy to help you discover the best way to provide coverage for your home based business. Steve Wilk Insurance serves the Lombard, Illinois area with personal and business insurance solutions.