Most home-based businesses need to be covered under a business insurance policy since they may not be covered under a homeowner's insurance policy. If you operate a business from your home, do business inside and outside your home or visit clients at their homes, you may need additional insurance protection. Generally, homeowner's insurance will offer a small amount of coverage for business equipment, but most standard homeowners policies exclude coverage for businesses operating within the home, and many policies don't cover lost data, lost income or liability. That can put home-based businesses on the hook in case of theft, accidental damage, vehicle accidents and on-site injuries.
So how do you protect your small business from unnecessary financial losses? Talk with your insurance agent about your options. You may want to consider a business owner's policy. It offers the most comprehensive coverage for your home-based business. These packages are designed specifically for small to mid-sized home businesses, especially those that operate from more than one location. A business owner's policy is a nice option if you have an office but work regularly from home. It's also a contender if you work in a stand-alone studio or run your business out of a renovated garage. It will cover those structures, as well as inventory, office furniture, electronic equipment and business data.
Allstate business insurance gives you great protection at a great price. Find your local agent or call us at 1-888-322-3070 to see how we can help you save on business insurance.