Home Business Insurance

Home Business Insurance plans can fill the gaps left by most home insurance policies. They provide inventory, business personal property and general liability coverages all in one package.

 

If you have a full-time, or part-time business you operate from your home, here’s why you should consider this coverage: most homeowner’s insurance policies DO NOT cover an in-home business.

A Home Business policy provides coverage for losses, or damage from your business activities conducted at home, away, events… literally anywhere nationwide! 

Home Business policies are designed specifically to handle the business insurance needs of a home-based business. In addition, a home business policy can provide coverage for lost income, the loss of valuable papers and records that occur as the result of a covered loss and much more.

Vital coverage since homeowners policies do not cover liability, or damage to property from your business activities.
Check out the coverages a Home Business plan can provide below!

Business Liability

$1,000,000 of Liability coverage protects should there be an accidental third party bodily injury, you are sued, or you damage someone else’s property. Limited Product Liability coverage is included as well in certain circumstances. The liability limit extends nationwide (home, away, events, trade shows, etc.).

Business Personal Property

This coverage insures your business equipment, inventory, displays, etc. We automatically include $5,000 for Business Personal Property (BPP), with optional limits up to $100,000. The standard deductible is $250. In certain circumstances, the insurance company may also pay for the loss of your business income resulting from damage to your BPP.

Electronic Data Processing Equipment Coverage

Available for an additional premium, this is an optional coverage for computers, printers, software, and other electronics if related to your business. This coverage is broad, covering many different types of computer losses, and there is no deductible associated with this coverage.

Money and Securities Coverage

Available for an additional premium, this optional coverage insures business-related money, checks, etc. if they are stolen, or destroyed, at your home or when temporarily off-premises anywhere nationwide.

Additional Insured Coverage

Available for an additional premium. Where needed or required, we can add most types of Additional Insured’s. The most common requests are for when you may want to set up at an event and are required by the venue to add them as an Additional Insured to be able to participate.

Terrorism Coverage

Insurance companies are required to offer this optional coverage.  It would insure your business against losses in the event of a certified terrorist act (as defined by TRIA) in your area. In most cases this coverage is $1/year, but could be up to 20% of the total premium. Customers do have the option to reject the coverage.