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How To: Insure Your Homebased Business.

Don't take chances -- take steps to protect yourself.

By
This story appears in the May 1998 issue of Business Start-Ups magazine.

There are about 18 million homebased businesses in the United States. But some 60 percent of them are gambling with the future of their businesses--and most don't even know it. These homebased entrepreneurs don't have enough business insurance coverage, according to the Independent Insurance Agents of America Inc. (IIAA), an Alexandria, Virginia-based trade group.

Many entrepreneurs mistakenly believe they're covered by their homeowners insurance, but most homeowners policies limit loss of business property to $2,500, don't cover losses away from the home, and exclude liability coverage for business-related activity. Consider these risks:

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