Does Homeowner’s Insurance Cover Your Home Based Business?

It is important to protect your home as well as your home based business. This means choosing insurance that works best for the type of business you are operating. This will ensure that you have less to worry about – and that you have financial protection should you need it.

Various types of insurance may be required – and it can be advantageous to speak to an agent where you can discuss the coverage as well as the limits.

General liability can protect you against lawsuits in the event someone injures themselves on your property or there is a case of negligence. Business property coverage can help to protect against loss of computers and various business assets that you have within your home.

If you have any employees that work out of your home as well, you will want to explore employment practices liability coverage. This can help to protect you against the various allegations of sexual harassment, wrongful termination, and various other employee issues.

Every business is a little different and you need to be aware of this. You may need to explore business continuation coverage, data compromise coverage, and even equipment breakdown coverage. By choosing the various levels of coverage that are needed for your individual business, you can protect it significantly more than relying solely on your homeowner’s insurance policy.

The gaps found within your homeowner’s policy needs to be dealt with. Not everyone has a home based business and therefore the insurance is bound to be different.

Contact us today to learn more about homeowner’s insurance and the insurance coverage that you need for your home-based business in Illinois. At Martin Insurance Team, our insurance agents are prepared to help you find a policy that makes sense – and contact multiple insurance companies on your behalf to help with the comparison process.