What is Home Business Insurance? What Coverage Do I Need?


Many individuals prefer to manage their business from home, its call home-based business. At the present time, Working from home is becoming more attractively and most suitable, it can give you a calm and pleasant atmosphere. Depending on the type of business that you run, whether you keep stock at your home or perhaps you have clients visiting your home address, you are eligible for home business insurance.

You are more likely to have valuable business equipment kept at home which plays a crucial part in the production of your business – if all this was to become damaged or even worse, stolen – what would you do for your business? You would have a lot of downtime due to having no equipment to carry out your work – therefore this cover is vital for any business being run from home.

You may be thinking ‘What coverage do I need for my home-based business insurance?’, well, you are more than likely going to need a number of different policies, however, these will depend on what kind of business that you run. It’s important that you remember that your home is still your home, even when running a business from it.

You need to think of the cover for the building and also the contents inside. You do not need to take out extra home cover but you do need to inform your insurer and they can add the correct additional cover.

If you fail to inform your insurer that you are now running a business from your home and do not have adequate cover for your home then you will come into trouble when you want to make a claim – so you should definitely make sure you are always up to date with your cover.

Types of Business Use from the Home –

1. Regular Business Visitors:

If you are running a home business the chances are that you will have regular visitors in your home in regards to your business, typical business’ that are running from home and having visitors are beauticians, accountants, and self-employed marketing assistants – having visitors in your home will increase your risk of any contents becoming damaged or stolen therefore you must inform your insurer as it could have a bigger impact on your home business policy.

2. Clerical Use:

Working from home will more than likely mean that you are using office equipment such as a desktop, printer or a laptop to run your business. If this is the case then you must inform your insurer immediately as if they become damaged you will need to make a claim on your insurance to cover the costs of repairing them – you do not want a burning hole in your pocket due to a large sum of money being.

When it comes to home business insurance, it is definitely something worth looking into as there are many different types of policies which come under this umbrella, some which you may be required to have and some which though may not be a requirement could be an important safety net to both you and your business.

What is important is that you do your research and ensure that you have the right policy, if you can’t quite find what you’re after online then ring up, those that offer something similar quite often will adopt a policy to fit you and your needs.

If you are unsure of where to look then take the safe route with bollington to ensure your business has adequate cover.


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