Insurance protection for your home business

It is important to have adequate insurance coverage if you run a business from your residence. Even a small home business requires adequate insurance cover that would protect your business in the same way if you had a separate office.

Many home based business owners are under the misconception that their homeowner’s policy would also cover all their home business-related requirements. This assumption is not only false, but your home-run business can annul your existing home insurance as you cannot use your home for other purposes such as running a home-based enterprise.

There are several homeowners’ policies available that are specially designed to insure both your home and well as your business operated from home. These policies would typically extend to include:
-	Property coverage.
-	Assets like computer and other portable belongings that are used at your residence.
-	Business interruption.
-	Employee liability.
-	Public liability.
-	Protection against theft of valuable papers.
-	Accidental damage or any other unexpected circumstances.

The insurance coverage for your home business depends on various factors such as –
-	The insurance company should have no objection to the nature of the home business.
-	Only a single business activity can be carried out at a time.
-	The gross yearly turnover should not exceed a certain amount.