Home insurance is designed to protect your house. By default, it covers some aspects of a home-based business, since it will provide compensation if your home’s structure, appliances, and/or HVAC system are damaged by a covered peril. However, Saint Charles, MO, homeowners who run a business from home will also need commercial insurance to cover aspects of a home-based business that home insurance won’t protect.
Liability Insurance
Your home’s liability insurance policy will cover medical bills if a visiting friend or relative has an accident at your home. However, it won’t compensate for accidents involving visiting customers, business partners, and suppliers. You’ll need a commercial liability policy to cover these instances. As an added benefit, a commercial liability policy can also cover personal injury claims involving the use of your business products.
Property Damage
Home insurance covers personal property, but this doesn’t include business assets and inventory. You’ll need to purchase a separate commercial property insurance policy to cover items owned by your business. At the same time, bear in mind that neither home insurance nor commercial property insurance covers flood damage. Since Saint Charles, MO, is prone to flooding, you may want to look into flood insurance coverage.
Need Help? Call Nieroda Insurance Agency Today
Nieroda Insurance Agency offers multiple personal and commercial insurance policies to meet the needs of homeowners of all ages and walks of life. We’re always happy to help home-based business owners find insurance that meets their specific needs without breaking the bank. Give us a call today to find out more about your coverage options or to start the process of buying a policy or policy bundle.
