July 23, 2015

Protecting Your Home Business

Man typing on keyboard, view over the shoulder

Home Based Business Insurance

Running your own business out of your house allows you the freedom to make your own schedule and work at your own pace. However, just because you do not have to commute to work every day does not mean that you can skip out on business insurance. Consider these home based business insurance protections to help keep your business safe from any peril.

  • Business owner’s policy – a business owner’s insurance policy is specifically made for small businesses. It combines many different insurance coverage options into one policy, including property insurance, liability insurance, and business interruption insurance, all at a much lower price than if you were to invest in the policies on their own.
  • Homeowners insurance endorsements – if your home based business is very small, you may think that a business owner’s policy is too much. Adding on extra endorsements to your home insurance policy may be enough to provide the right amount of coverage.
  • In-home business policies – there are certain insurance policies that are made specifically to cover businesses that are run out of your home. The policies will provide protection for a loss of records, lost income, accounts receivables, and the extra expense of having to work from a separate location if your home is being repaired.
  • Extra expense insurance – if you have to shut down your business for a while after a covered loss, extra expense insurance will provide reimbursement for the additional expenses that you incur that go beyond your typical operating costs.

For all of your commercial insurance needs when working out of your home, contact the insurance professionals at Brewer-Lloyd Insurance Group in Mesa, Arizona. As an independent insurance company, we will work with you to make sure that you have the right amount of coverage for your business, all at the right price to fit your budget.