Home Business Insurance
Do you have Home Business Insurance? Thirty percent of all businesses are run from home. Sixty six percent of the twenty one million people that work from home are self employed and underinsured. A basic home business insurance typically only covers $2500 for on site damages and only $250 for anything that is off site for your home business.
When looking for business insurance, there are the three main suggestions:
There is the “In home business Policy”
There is the ” Business Owners Package Poilicy”
and there is the ” Endorsment to your homeowners policy”
If you are a small to medium size home business I would suggest the BOP (Business Owners Package Policy). This form is approved for thirty nine states, covers up to 25k sq ft, and a gross income of three million dollars! For the home business looking for insurance this package keeps being revised. It includes all damages to your property and materials.
If you do not have home business insurance you risk losing a lot. It is well worth the small fee to get it going. In the United Kingdom(UK) these policies are somewhat similar but definitely have their differences.
