Do You Need Home Business Insurance?

One of the beauties of working from home is that it makes life simpler. There's no need to carefully dress in your business clothes every morning and fight traffic to get to your office--just pull on your sweats and walk a few steps to your office. But home business insurance may not be as simple a concept. If you're relying on your homeowner's policy to cover your business instead of purchasing additional home business insurance coverages, you could be in for a rude awakening if you suffer a loss or have a professional problem.

But you don't have to worry that purchasing home business insurance will put a big dent in your business' bottom line. Shopping around to compare policies and premiums will help you get good coverage at affordable rates.

Consider Your Home Business Insurance Coverages
You're probably right in thinking that your homeowner's policy will cover at least some of the equipment that you have in your home office, but don't assume that's the case. Check your policy carefully to see what's covered and what's included.

Even if you have some type of coverage, the policy limits are likely to be low. Would $1,000 or $2,000 come close to covering your investment in computers, printers, fax machines, telephones and other equipment that you use on a daily basis? That's one area where home business insurance can pick up the slack.

But there are other coverages that you should think about obtaining. If you're a professional such as a lawyer or a psychologist, for example, you may want errors and omissions insurance, which would cover you in the event that some action you took or didn't take) causes harm to someone or damage to someone's property. The equivalent coverage for a service business is professional liability insurance; if you provide a product, you'd want product liability insurance.)

As a home-based business person you may be the sole person in your company or, at the very least, one of the key players in it. What would happen if you were injured or got sick for a long time? Disability insurance could help pay the bills until you were feeling better. If your business couldn't operate due to damage from a fire or some other covered incident, business interruption insurance could keep some cash flowing in.

Finding Great Rates on Home Business Insurance
There's good news about finding the insurance you need for your home business--it's an easier job than ever. You don't have to spend hours contacting different insurance agents and filling out countless forms. Just go to, fill out a single form and you'll get back rate quotes from several insurers in your area. makes finding the right insurance coverages for your home business almost as easy as getting up in the morning and heading to your office.

See how much you could save today on your insurance. Get your free business insurance quotes today!