Leah Kelvin
Active member
To protect assets, liability, and financial security of home-based businesses, it is important that they have insurance. These types include homeowners insurance endorsement or business owners policy for equipment and liability, general liability insurance for third-party injury claims, professional liability insurance for service based businesses, and business property insurance for assets such as computers and inventory. This offers protection against risks like fire, theft or vandalism to your small business at home.
For instance, during downtime caused by events like fires; business interruption coverage helps in paying lost income as well as other expenses. For work related injuries among employees’ workers compensation cover is crucial. In case of handling sensitive information cyber liability insurance is important in protecting against data breaches. There is need to have commercial auto insurance when using vehicles in a business. Talking to a small business specialist about your needs can help you figure out what kind of coverage you should be going after to protect your company’s assets.
For instance, during downtime caused by events like fires; business interruption coverage helps in paying lost income as well as other expenses. For work related injuries among employees’ workers compensation cover is crucial. In case of handling sensitive information cyber liability insurance is important in protecting against data breaches. There is need to have commercial auto insurance when using vehicles in a business. Talking to a small business specialist about your needs can help you figure out what kind of coverage you should be going after to protect your company’s assets.
