While some home-based businesses with few customers and minimal equipment may be able to obtain adequate coverage through endorsements on their homeowners insurance policies, many owners will require a separate home-based insurance policy.
Professional liability insurance, which is not available as an endorsement, is especially important for home-based businesses that offer professional guidance or services.
What is insurance for a home-based business?
Small business owners who run their businesses from home require a variety of insurance policies, including home-based business insurance.
General liability insurance, professional liability insurance (E&O), business personal property insurance, and business interruption insurance are some of the most common home-based business coverages.
Commercial auto insurance, cyber insurance, and workers’ compensation coverage may also be required by some businesses.
