November 30, 2015

Is Your Home Business Safe?


There are many coverage options when it comes to protecting your in home business.

Owning your own home-based business is a dream for many. Not only will be able to create your own schedule, but you will also be able to completely avoid the morning and evening commute. However, just like any other business, home based businesses need to be covered with the right insurance policies. Consider these home business insurance options to keep your dream protected.

  • Home insurance endorsement – typical homeowners insurance policies will not provide enough liability and property coverage to meet the needs of your business. Adding an endorsement to your existing policy will help to ensure that you have the additional coverage that you and your business need.
  • In-home business policy – a specific in-home business policy will provide higher limits that you will be able to get with your home insurance policy. An in-home business policy will also provide coverage for loss of records, loss of income, and moving to a temporary location.
  • Business owner’s policy – also known as a BOP, these policies are specifically designed to provide coverage for small and medium sized businesses. They combine several coverage options into one policy, such as liability, property, ad business interruption coverage. BOPs are much more affordable than investing in the separate policies for the same amount of coverage.

When looking for the right insurance policies to cover your home-based business, working with an independent insurance professional will help to make the process much easier. For all of your business insurance needs, contact Brewer-Lloyd Insurance Group in Mesa, Arizona. As an independent insurance agency, we will work with you to ensure that you have the right amount of coverage, all at the right price to fit your budget.