Do you own a home-based business? Or do you already have one?
Starting a home-based business can be very risky. You have to consider lots of things and planning is of great importance. No matter how experienced one is in business, there are still things that everyone could have overlook. These things can cause significant problems that lead to the closure of your business.
So how do you help make your business last? You need to make sure you have home business insurance. Protect your important investment by following these tips!
Ensure that you are properly covered with the right insurance.
Businesses are not without risks. While a standard home business policy can give coverage for a lot of things, it is important to remember that not all coverages should be equal. You may need more of certain coverage than the other.
One particular coverage you should be getting more of is liability coverage. Home businesses may expose you to greater liability risks. It’s a wise move to review your existing policies because your homeowners insurance and umbrella policy may not likely cover any business-related liabilities. Get coverage gaps. Talk to one of our agents!
Your home office should be covered properly.
If you dedicate a particular part of your home as your home office (or you’re thinking of building one), you should have it properly covered. Remember that homeowners insurance may not cover anything that is related to your business. Thus, get a separate or additional coverage for it.
Life insurance is necessary for business.
Most people get life insurance from work. But if you already own a business, getting life insurance for yourself and your employees are already your responsibility. Whether you run your business alone, or you have employees, it’s best to talk to one of the agents here at Wellcovered Insurance. They will be able to walk you through what and how much your coverage should be.
Starting a home business is life-changing. That is why it is important to plan it carefully to ensure that you haven’t overlooked anything. Remember that businesses expose you to certain risks that you may not have when you were still working. So, review your insurance needs. Talk to an agent.
Wellcovered Insurance offers business insurance products for any type and size of business. Protect your investment by getting properly covered for a reasonable price. Get quoted for free, click here. Give us a call at (386) 218-4951 or visit us today.