Insuring Business Property at Home

When you decide to conduct a business from your home, you need to take a wide variety of factors into consideration, including insurance. While your homeowners insurance covers your home and your personal property, it's unlikely to cover business property or assets. It also won't protect you from lawsuits or damages if a client is injured while on your property.

If you're conducting business from your house, take steps to protect yourself and purchase insurance for business property at home. You may also need liability insurance for your business.

Insuring Business Property at Home

When you purchase an insurance policy for your business, document any business property or equipment that you keep in your home. If you have computer equipment, servers, craft equipment or supplies, or other business equipment in your home, purchase insurance for these items. This will protect your business assets in the event of fire, theft or other loss.

Business Interruption Insurance

If a natural disaster, break-in or other event, out of your control, were to affect your business property, would you be able to continue to earn an income? If this type of event would dramatically affect your income, you may also need to purchase business interruption insurance.

Business interruption insurance helps to protect your income, so that you can continue to pay your rent or mortgage and other necessary expenses while your business recovers from a loss.

Casualty and Liability Insurance for Your Home Business

If you see clients or patients on your property, consider carrying casualty or liability insurance. There's always a risk that someone could be injured on the premises, and if this happens, you could be involved in a lawsuit.

A casualty and liability insurance policy can protect you in the event that an accident happens with a client in your home.