Do I need business insurance if I share office?
Do I need business insurance if I run my business in a shared office? Shared work offices or as they call it in English coworking spaces are very fashionable since they have multiple advantages: they are cheaper, the synergies of the place help to be more productive, and facilitate access to common facilities and services, which otherwise would be unattainable.
But many entrepreneurs who choose these sites as headquarters for their offices overlook the fact that they must have commercial insurance to protect their business. No matter how much vigilance there is in coworking spaces, there is a risk of losing your clients’ computers and sensitive data. Even if you use any special equipment to get the job done, it can be stolen or damaged during a fire. You are also not exempt from a client suing you if you suffer any damage or harm in your office.
Therefore, it is recommended that you purchase a business coverage package, BOP, that combines liability insurance and commercial property insurance. Do I need business insurance if I run my business in a shared office?
To do this, the best option is to call a specialized Univista Insurance agent. This will make you a very cheap coverage, tailored to your small business.