These days everyone is looking to boost their income. One popular way to do this in Lynnwood, WA is through a home-based business. Sound Choice Insurance Agency Inc encourages this spirit of entrepreneurship by extending our expertise to help home business owners understand commercial insurance and why it’s important.
Does A Home Business Need Commercial Insurance?
Yes. It’s easy to assume that your regular home insurance would cover your business assets, but the truth is a standard home policy rarely provides enough. Sometimes, homeowner’s policies specifically exclude use as business insurance. This also goes for vehicles being used in majority business operations.
How Much Insurance Does A Home Business Need?
That depends on the business you run. Sometimes your insurance agent could find a rider or extension to add to your existing home policy to cover your business assets. In other cases, purchasing a wholly separate commercial liability policy might be your best option. When considering your options, you and your agent should look into the typical equipment you use and the common risk factors your business might experience. Coverages you might need include:
- Personal property such as furniture and computers
- Physical inventory of goods
- Liability for injury and product faults
- Business interruption
How Do I Find The Right Insurance For My Home Business?
If you operate in and around the Lynnwood, WA area, the agents at Sound Choice Insurance Agency Inc are on hand to discuss your options. We work with you to discuss your individual insurance needs to find the policy that fits you and your business. Whether you’re just starting up or have been established in the community for years, let us make sure your home business is insured for the future.