Running a business from home is becoming increasingly common. Whether you’re crafting handmade products, offering freelance services, or running an online shop, the convenience of working from home can’t be beat. But did you know that your standard home insurance policy likely doesn’t cover your home-based business?

If you’re running a business out of your home in Buckeye or the surrounding Arizona communities, it’s important to understand how home-based business insurance can help protect your livelihood.

Home Insurance Doesn’t Cover Your Business

Most homeowners assume their regular home insurance will protect everything in their house, including their business. Unfortunately, that’s not the case. While your home insurance policy protects your personal belongings and the structure of your home, it usually won’t cover business-related equipment, inventory, or liability.

For example:
– Business Equipment: Your home insurance might cover some personal items, but it won’t fully protect expensive equipment like computers, printers, or other tools specific to your business.

– Inventory: If you’re storing products in your home, such as handmade goods or items for resale, home insurance won’t reimburse you for damaged or stolen inventory.

– Liability: If a client or delivery person gets injured while visiting your home for business purposes, your home insurance won’t cover medical expenses or legal costs.

What Home-Based Business Insurance Covers

A home-based business insurance policy is designed to fill the gaps left by standard home insurance. Depending on your policy, it can offer protection for:
– Business Property: Coverage for computers, equipment, inventory, and other business essentials.

– Business Liability: Protects you if someone is injured at your home during business hours or because of your products or services.

– Loss of Income: If a covered incident (like a fire or theft) forces you to temporarily stop operations, you may receive compensation for the loss of income during that time.

– Data Breach Protection: If your home-based business handles sensitive customer information, you could face serious consequences if that data is compromised. Some policies offer protection against the legal and financial fallout of a data breach.

Who Needs Home-Based Business Insurance?

Anyone operating a business out of their home should consider a home-based business insurance policy. This includes:

• Freelancers and consultants
• Online store owners
• Artists, crafters, and makers
• Service providers (photographers, event planners, etc.)
• Independent contractors

Even if your business feels small, it’s still worth protecting. You’ve worked hard to build your business, and the right insurance can help keep it safe.

How Stoller Insurance Can Help

At Stoller Insurance Agency, we understand the unique needs of home-based business owners. As an independent agency, we have access to over 75 carriers, giving us the flexibility to find the right coverage for your business at the right price. Whether you’re just starting out or have been running your home-based business for years, we’ll help make sure you have the protection you need.