You made it! You turned your passion into a going concern. Maybe you turned your sewing hobby into an alterations business. Or perhaps you left corporate bookkeeping to strike out on your own. Congratulations on your successful, home-based business.
Now are you willing to bet your house on it?
That’s what you might be doing if you aren’t properly insured. Standard homeowner policies generally don’t cover business-related losses. According to the U.S. Small Business Administration, more than half of all U.S. businesses are based out of an owner’s home.
If you’re one of these business owners, a review of your situation may reveal that you need coverage for: