Business Insurance for Your Home Office
Working from home will save a huge chunk of cash for the budding entrepreneur. However, many business owners who run their business from home are often misinformed about one major fact: your homeowner’s or renter’s insurance may not cover your home business.
The goal is to save money on rent, utilities, and other expenses of having an office space, but if an accident happens while you are working from your home, your insurance provider may see that as a breach in your policy, and not cover the damages. Depending on the type of accident, you could be looking at a hefty bill.
Your home insurance won’t cover work related accidents
Let’s say your partner shows up to your home office for a meeting and he or she slips on a patch of ice on your front steps and breaks a leg. Your home insurance provider could say that this was a business meeting and is therefore not covered by your home insurance policy. And now you’re stuck with medical bills, loss of work, rehabilitation, etc. By the time you’re done paying, you could have just used that money and rented an office space.
If you’re planning on running your business from home, make sure that you let your insurance provider know and talk to your broker about covering your in-home business. Like any other insurance policy, there are several different options to choose from, and the right one for you depends on the type of business you’re running, if you have employees, the amount of loss you could face in case something goes wrong.
Home business insurance for Colorado entrepreneurs
Every business is different, working with an AAI Central broker who knows Colorado will help you sort through all the home business insurance policies available, before settling on the one that gives you the exact coverage you need to protect your business. And, as your business grows, your personal broker will stay one step ahead, making sure your policy always fits your needs.
Being a Colorado-based independent insurance company we have unique insight into the dangers that threatened Colorado-based entrepreneurs. From floods, forest fires, theft, and slip and fall accidents. Call us today, and start your business off right!