Do I Need Business Insurance if I Work from Home?

Answer:
Yes. Most homeowner policies

only cover the exposures of owning and living in a home. Although you can increase your homeowner coverage to include business related items such as computers and fax machines; these policies often have limitations on coverage and may not meet the needs of your business.

As a home based business, you may also want to consider business owners insurance. Such a policy provides coverage for damage to any of your business related property. It also protects you against liability for products you sell or work on. You may also want to consider worker’s compensation insurance if you employee others in your home based business. If you utilize automobiles for business, you may need to consider business auto insurance as well. To further protect yourself and your business you may want to purchase additional umbrella liability protection. Contact your insurance provider to assist you in finding the appropriate coverage for your home and your home based business.