Any business you do out of your Baton Rouge, LA home should have business protection. At Insurance & Financial Services, Inc., we think it’s in your best interest to understand why you need business insurance for your small home business.
Will Your Current Home Insurance Help?
You should go over your current plan and speak to your insurer. If items you use for your business are damaged or stolen, your home insurance may not cover it since it’s business equipment.
If someone hurts themselves on your property while picking up or buying something from you, your liability coverage may not kick in. Your insurer may view that accident as a business liability problem that they don’t cover.
If you’re doing anything in or around your house specifically to profit, then it’s a business. This applies if what you’re doing is just a hobby or weekend endeavor.
Sometimes, operating a business of any type can violate your home insurance agreement. Make sure you know what’s covered. Some home insurance plans can have some built-in business coverage. Some insurers also offer home insurance add-ons to allow a home business.
What Do You Need to Cover?
All businesses come with risks. You need business insurance to cover eventualities that can come up during the course of you doing business. Basic business insurance can cover your business property, some liability, and offer you some loss of income insurance.
However, if you’re running something like a food service from your kitchen or a wood shop in your garage, you’ll need more protection. If you hire even one person, you will need more robust business insurance options.
At Insurance & Financial Services, Inc. in Baton Rouge, LA, we offer business insurance choices to accommodate any home business. If you currently have a home business or plan to start one, contact us immediately.