Do you need commercial insurance for a home-based business?

If you have a home-based business in Okeechobee, FL, you can roll out of bed, get dressed, and head across the hall to your home office. It’s a life many people dream of but are you covered against legal suits and negligence? Your homeowner’s insurance won’t cover this, but commercial liability insurance will. Contact Pritchards and Associates, Inc. to find out how to protect your home and business against business-related liabilities.

Commercial Liability for Your Home-Based Business

Your homeowner’s insurance only protects you from damage covered in the policy. For business purposes, you need additional coverage against vandalism, fraud, liability claims, theft, and employee injuries. Commercial liability basic coverage pays for:

  • Property and liability claims
  • Workers’ compensation claims
  • Business auto claims
  • Crime

The Advantage of Home Business Commercial Insurance

If a disgruntled client or injured employee tries to sue your business, you are at serious risk if you lose. In order to protect your home, your most valuable assets, and other wealth, you need adequate business liability insurance. Get business liability insurance to pay for injuries and property damages due to business-related activity. This insurance acts as a financial buffer to replace lost property or loss of income.

How To Qualify for Commercial Insurance

Here are some considerations insurers take into account:

  • Business and building’s primary use
  • Are you the owner/operator
  • Number of employees
  • Do you offer home care service

Displaying signage changes the nature of the building, even if it’s also your residence.

Call Pritchards and Associates, Inc. today in Okeechobee, FL to answer these questions and to make an appointment for a free quote to get your business covered.