Make sure, even if you work from home
Make sure, even if you work from home. New technologies have made it easier for more and more people to work from home. By operating their businesses from home, they save on material and logistical resources. However, some home-based business owners overlook the need for commercial insurance to protect their operations and assets.
According to the Florida Chamber of Commerce, approximately 50% of small businesses in the state are operated from the owners’ homes. These may include real estate agents, tax preparers, carpenters, artisans, cooks, online store owners, insurance agents, among others. Although these businesses are run from the comfort of their homes, they still face commercial risks, including liability, commercial property, and business interruption, normally protected by commercial insurance.
The lack of commercial insurance can have serious consequences for those who work from home. If a customer or supplier is injured on the property, the owner could face a liability lawsuit that could result in significant medical and legal expenses. Additionally, if commercial property is damaged or stolen, the cost of replacing it can be significant and seriously affect the ability to continue operations. Moreover, homeowner’s insurance does not cover damages related to their business.
Having adequate commercial insurance can protect home-based business owners from these risks and provide them with peace of mind. A BOP insurance can provide coverage for liability, commercial property, business interruption, and more, depending on the specific needs of the business.
For example, a tax preparer who works from home would face liability risks if a client is injured while visiting the property. Commercial insurance can provide coverage for bodily injury and property damage, thus protecting the agent’s personal and commercial assets.
In short, if you are a home-based business owner, you should consider the importance of obtaining adequate commercial insurance. If you are interested in obtaining cheap commercial insurance that fits the characteristics of your business, call Univista Insurance. Make sure, even if you work from home.