Homeowners Insurance in Baton Rouge, LA
Are Home-based Businesses Covered by Homeowners Insurance?
More people are choosing to run businesses from home than ever before, whether it’s freelancing, selling handmade goods online or consulting services. If you operate a business out of your home, one critical question you may have is whether your homeowners insurance covers your business activities.
Understanding Homeowners Insurance Coverage
Homeowners insurance may help cover your home and its contents against damage or loss from specific perils like fire, theft or vandalism. It also typically provides liability coverage in case someone is injured on your property and you are found legally responsible.
Limitations on Business Coverage
While homeowners insurance provides valuable protection, it may have limitations on coverage for business-related activities. Most policies include exclusions or restrictions for commercial activities conducted from home.
Depending on your business activities and the value of your equipment and inventory, it may be appropriate to add a home business insurance endorsement or a standalone business insurance policy to your homeowners policy.
To protect your home-based business adequately, your agent may recommend any of the following policies and endorsements:
- Business owners policy (BOP)
- Commercial auto insurance
- Professional liability insurance
- Disability insurance
- Business interruption insurance
- Health insurance for self-employed individuals
- Cyber liability insurance
Your agent can help you understand your options and get appropriate insurance coverage for your situation.
How to Get Appropriate Insurance Coverage for Your Louisiana Home-based Business
If you operate a home-based business, it’s crucial to work closely with an experienced local insurance agent. Your agent can help you understand insurance exclusions related to business activities.
Contact Bill Caldwell Insurance Services LLC in Baton Rouge, Louisiana, to learn about your home-based business insurance options. Our team can help you evaluate local insurers, compare multiple quotes and provide you with guidance as you insure your home-based business.