3 Reasons to Get Insurance for Your Home-Based Business

Increased liability: When doing business out of your home, there is probably increased traffic from clients and customers. This increases the chance of injury to a person or damage to their property while they are at your home for business purposes. A home insurance policy may not have liability limits high enough to handle the burden. 

 

Inventory protection: Depending on the business, you may have a certain amount of products stored in your home. In the case of a design freelancer, just the computer equipment alone can be worth over thousands. Business insurance helps ensure your personal finances don’t take a hit if something happens to your business inventory. 

 

Protection from theft: Home-based businesses may be a higher target than other homes. A photographer has valuable camera equipment, while a consultant probably has a nice laptop and tablet. These types of belongings may make your home more tempting to burglars, so it’s important to have the right coverage.