Though it is easily arranged, when it comes to taking out business insurance when working from the home environment, many choose to ignore this type of cover. However, its importance cannot be stressed enough.
The most common reason why people tend to forego such insurance is a belief that their home insurance will adequality cover them should they need to claim on it for any reason.
Unfortunately, this is not the case, and furthermore, there is a considerable possibility that many of the activities you undertake while working from home can result in voiding your home insurance!
To ensure you are working safely, securely and in full compliance with insurance purposes, make sure you get your home-based business adequality covered as soon as you begin working this way.
Types of Business Insurance Available
Though you may not need every single kind of coverage, there are a range of business insurance types that home-based workers can choose from, including:
- Business Property Insurance: All home-based businesses should have business contents insurance. This is an amount that covers your essential business equipment which is located permanently on your home property. This includes office equipment and other such items that are essential to the day to day running of your business operations.
- General Liability Cover: This type of insurance should be considered as any clients visiting your property for business purposes will be covered on such a policy, should they have an accident. As will any employees you may have working for you in the home as well.
- Professional Liability Insurance: Once again this insurance can cover both you and your clients should a client claim professional damages against you. This type covers you against costly court proceedings and further action.
- Business Vehicle Cover: If you use a vehicle for business purposes then it is business cover, not personal cover, that you need to take out to insure it.