Best Answer

First check, your homeowners insurance policy. Your home policy may not cover your business needs but check with your agent first about additional coverage. The things to consider include: * Equipment insurance - coverage for your computer, fax machine, etc. * Liability insurance * Malpractice insurance - professional protection against losses resulting from professional mistakes * Data insurance - protection for computer files. * Disability insurance - prices may be high but it may be worth your piece of mind. Your state insurance department is your best resource for insurance-related questions and concerns. Find information on insurance companies and agents, rate quotes and comparisons, insurance buying tips, claims filing information and much more!

State Insurance Department websites:
More than half of the businesses in the United States are based out of the owner's home, with more being added every year, according to research by the Small Business Administration. Many of those entrepreneurs think their homeowners' insurance policies cover their business needs when the unexpected happens, but the reality is that most homeowners' policies don't.Homeowners insurance provides a limited amount of coverage for business equipment, but most standard homeowners' policies exclude coverage for businesses operating in the home. Most policies don't cover lost data, lost income or liability. cheap homeowners insurance company in Florida

User Avatar

Wiki User

โˆ™ 2017-03-01 02:44:41
This answer is:
User Avatar
Study guides


22 cards

If you were laid off and apply for insurance coverage on your wife's group policy do you have to answer a medical questionnaire

How many grams of cholesterol should you eat each day to maintain a healthy diet

What would cause a fluttering inside the ear canal

Why is beef fat a solid at room temperature

See all cards
6 Reviews

Add your answer:

Earn +20 pts
Q: What insurance do you need for a home business?
Write your answer...
Still have questions?
magnify glass
Related questions

What is the need for developing sustainable insurance business in Nigeria?

the need for developing insurance business in Nigeria

Where can one get insurance for a home based business?

Contrary to belief, standard homeowner's insurance does not cover a home based business. One can get one of four types of insurance to help cover thier home based business, endorsement on homeowners insurance, in-home business policy, business owners policy, and commercial package policies.

Do you need to be bonded to run a home-based business?

Depends on what kind of business it is. for more information about insurance and licensing go to

What type of training do I need to open my own auto insurance business?

You will need an insurance license and the associated traiing to open an auto insurance business

What type of home business would invalidate a home insurance policy?

Any type of home business that has been concealed from the insurance company could invalidate "all" coverage under your homeowners insurance policy.Your contract with your insurance company will require that you disclose any home business operation when you apply for or renew the policy.

Home-Based Business Insurance?

form_title=Home-Based Business Insurance form_header=Minimize your risks. Home-based business insurance plans can help ensure that you are prepared to handle any situation that might occur while running your business from home. Type of Business Entity:= {(),Corporation,LLC,Sole Proprietorship,Partnership,Non Profit,Trust,Other} What is the total amount of business personal property located at your home address?= {(),$5000,$10000,$15000,$20000,$25000,$30000,$35000,$40000,$45000,$50000,$55000,$60000,$75000,$80000,$85000,$90000,$95000,$100000} Type of home-based business insurance needed (Check all that apply):= [] Health insurance [] Disability insurance [] Life insurance [] Business property insurance [] Comprehensive general liability insurance [] Business interruption insurance [] Workers' compensation insurance [] Other

Is it mandatory for home based businesses to have home business insurance?

Business insurance for a business based in a home is not a legal necessity. It is, however, highly recommended, as a business of any sort is a liability as well as an asset. You will be held responsible for your own business's needs. Insurance is an important fallback if you are robbed, sued, or default on a loan, etc.

How long has tesco home insurance been in business?

Tesco bank and subsequent home insurance has been around since 1997. It wasn't, however, until 1999 that their home insurance business hit full stride.

What do I need to get a home business started?

“What all do I need to get a home business started”

How do insurance companies determine if business are underinsured?

Insurance companies look at what the business is worth and compare it to how much insurance already exists. If there is a deficit then the business will need to purchase more insurance.

Do you need small business insurance in Colorado?

You need small business in any state. Business insurance is purchased to help you protect the business from lawsuits, damages, claims, etc so it doesn't matter what state you are in. If you have a business that has a location, sales, employees, assets, or good ideas, you need insurance.

What types of business insurance can I get for a construction business?

You need to have liability insurance in case you're sued for damages. You also need vehicle insurance for you trucks and business insurance to protect the property of the business. Almost always your insurers will require that the owner be insured so that they can lessen their risks.

People also asked