Starting a Home-Based Business? Be Sure to Let Your Insurance Company Know - Nasdaq
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But whether a person is working at home for an employer or is starting their own business out of their house, it's very important they alert their homeowners insurance provider when their property is being used for commercial purposes.
A standard homeowners insurance policy may provide little or no coverage for business property.
Homeowners insurance also would not provide any compensation if the business operations had to cease temporarily due to a problem with the home, even if a substantial amount of income was lost.
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Here's why calling the insurance company is essential when doing commercial work from home
Anyone who is starting a home-based business or who is storing a lot of business property at their house needs to alert their insurers for one simple reason.
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