Whether you own your own business or simply work from home, you may need some extra insurance to protect yourself. You know you need the big insurances like health, life, and auto insurance, but are there other specific insurances you need because you work from home? The answer is probably yes. For example, did you know that if a mailman slips on your sidewalk while delivering mail and you have your own at-home business, your homeowner’s policy may not cover the medical expenses?
Chances are you were unaware of that, and now you’re probably wondering how you can protect yourself and your business. Well in order to know exactly how to protect your work-at-home lifestyle, you have to take a look at the insurances that you may need.
Business Equipment Insurance
Business equipment insurance, also sometimes called business property insurance, covers computers, fax machines, copiers, scanners, furniture, and the like in the case of fire, flood, or theft. Your homeowner’s policy may not cover your business equipment since it is for your business.
You would need liability insurance if you had customers come to your house. It would protect you and your business from being liable for medical bills if some sort of accident would happen. If you had liability insurance and your delivery man slipped on the sidewalk, you would not be liable for his injuries.
Professional Liability Insurance
Professional liability would cover any accidents that happened due to a product, service, or advice that you gave a client. That means that you would need this type of insurance if you were an accountant, lawyer, writer, financial adviser, shrink, or any job that gave clients products, service, or advice that could harm them.
Endorsement on Homeowners
Another way that you can protect your business or your ability to work from home is with an endorsement on your homeowner’s insurance. It would just be an additional clause or rider to your homeowners that would add coverage for your business and complete your Charleston insurance.
In-Home Business Policy
An in-home business policy would only really be necessary if you had employees. It would cover you from the risk of theft or loss of critical documents. This type of insurance would cover more damages than an endorsement to your homeowners.
Business Owner’s Policy
There is also a business owner’s policy which would cover even more damages than an in-home business policy. This type of policy would cover the damage or loss of business equipment, liability for injuries to customers or employees, losing critical records, malpractice, and other business related calamities.
Figure Out What You Need
You can figure out what type of insurance you need if you work from home or run your own at-home business by talking to your insurance provider. They can ensure that you are completely covered, so you don’t have to worry about losing money or needing to pause your work. You probably need to add some sort of insurance policies, but why not take the guess work out of it and just talk to an insurance provider.
You and your family depend on your work. That’s why it is important that you make sure you are properly insured. You need to make sure that no minor hiccups will slow you down. Talk to an insurance agent today to ensure that you are completely covered to work from home.