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Should You You Insure Your Home Business ?
According to the financial company Fundera more than half of of all American businesses businesses are run from the comfort of of a a a a a a a a home Home-based businesses businesses open up new opportunities for for women who want to achieve a a a a a a a work/home balance It’s also a a a a a a a cost- effective business model for entrepreneurs with limited means as as as a a a a a a a a home-based startup tends to have fewer costs associated with it it it One place cottage industry entrepreneurs shouldn’t skimp is insurance insurance coverage Business insurance insurance protects you from third-party liability claims claims property damage claims claims and other risks that could turn a a a a a a a a a a profit center into a a a a a a a a a a problem Does my my home home insurance cover my my home-based business?
Home insurance is a a a a personal homeowners policy and on on on its own own it it won’t cover your business In some cases home-based entrepreneurs can get adequate coverage from their homeowners policy policy if if an an endorsement is added to the policy policy However if if your business property value exceeds
$10 000 a a a a a a a a a commercial property property insurance policy is more appropriate Similarly if you you provide a a a a a a a a a a a a professional service from your home home home home insurance insurance won’t suffice in in in place of of errors and omissions insurance insurance