Millions of self-employed professionals operate their businesses from home and rely on their homeowner’s insurance policies to provide protection for their home based businesses. While your house is protected, your important business files, equipment and operations may not be. To properly secure your home business, you should seriously consider home based business insurance.
In fact, using your home for activities your insurer isn't aware of (like operating a home based business) may invalidate your homeowner’s policy, leaving both your home and business at risk.
We offer professional liability insurance and general liability insurance. Because you work from home, we’ll customize your coverage and offer reduced rates in some areas to reflect the lower level of risk you face.
This coverage is important for several reasons. First, your home based business protects you from claims due to injury of a third-party. For example, if you visit a client’s office, and someone trips over your bag, they can sue you.
A general liability policy protects you against claims of personal injury (libel and slander claims). We also protect you against damage to other people’s property or premises rented to you (that aren’t your home) such as a temporary office space or training/conference facilities.
Since you’re home based, less people will be visiting your place of work, which means you have a lower risk of accidents occurring. We reward this by lowering our general liability premiums. We think that’s only fair.
Also known as a business owner's policy or BOP insurance, this combines general liability coverage with protection for your business equipment, such as computers, printers, copiers and office furniture.
Professional liability insurance coverage gives your business protection from the risks you face in delivering your professional services. The section below discusses everything our professional liability insurance coverage offers since we want you to feel secure about what your policy does and doesn’t cover. You should consider professional liability insurance coverage if your business:
You operate a small e-bay business and have an inventory of $7,500. A fire in your home destroys or damages your inventory. The Home Based Business policy will provide coverage up to your Business Personal Property limit.
A customer visiting your home for business slips and falls. Since the customer was at your home for business purposes the Home Based Business policy will provide the needed liability coverage excluded under your homeowners policy.
Your laptop is stolen while you are visiting a customer. The Home Based Business policy provides up to $5,000 to replace your laptop while away from the residence premises.
You are working a trade show and someone trips and falls over your display, the Home Based Business policy will provide the liability protection you need. Your homeowner’s policy provides no coverage since this was a business event
A fire at your home makes it uninhabitable and your home based business must be shut down. Your Home Based Business policy provides the needed lost income and additional expense coverage.
All City Insurance, Inc.
1400 NW 107th Avenue, Suite 210 - Doral, FL 33172
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