According to a study by the Independent Insurance Agents of America (IIAA), at least 60% of in-home businesses are not properly insured. In addition, 44% of home-based business owners didn’t purchase the additional coverage because they believed they were covered elsewhere.

If you operate a business from your home on a full-time or part-time basis, your homeowners policy excludes legal liability for business activities and provides minimal coverage for business personal property (usually limited to $2,500 on the residence premises and $250 off the residence premises).

Some homeowners carriers offer an endorsement that can be added to your homeowners policy to provide coverage for your in-home business. A separate In-Home Business policy is also available. Please contact our office for more details or to obtain a quotation for this valuable coverage.