Insurance for Home-Based Businesses:

If you plan on running a company out of your house, whether it's a side hustle selling handmade goods on Etsy or a full-time operation where customers come to you, you need to be sure you're covered in case anything goes wrong. Endorsing your home insurance policy may protect your company, but separate coverage for operations conducted from your residence offers better protection and greater policy limits. Determine the coverage you need, the likely costs, and the best places to get such a policy.

Should I Get Insurance If I Run a Company from My Home?

In addition to homeowners insurance, most people who run businesses out of their homes will also require special coverage for their operations. This is particularly important if you receive business packages at home or host customers there. Homeowners' insurance often does not pay for medical expenses incurred by third parties who are guests in your house for business purposes.

Professional liability insurance is not available to endorse a homeowners policy, so you may need it even if you work from home and don't interact with clients or coworkers. If you plan to send out orders, you should invest in product liability insurance. These forms of insurance shield you against claims that might bankrupt your company.

Business insurance for a home office entails what exactly?

The term "home-based business insurance" refers to a set of policies tailored specifically to the needs of those who run businesses from their homes. Any or all of the insurance policies listed below may be necessary for you, depending on your line of work and the nature of your work from home. Coverage included in "home-based business packages" might vary widely across insurers.