How To: Insure Your Homebased Business.
Don't take chances -- take steps to protect yourself.
There are about 18 million homebased businesses in the UnitedStates. But some 60 percent of them are gambling with the future oftheir businesses--and most don't even know it. These homebasedentrepreneurs 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 bytheir homeowners insurance, but most homeowners policies limit lossof business property to $2,500, don't cover losses away fromthe home, and exclude liability coverage for business-relatedactivity. Consider these risks:
Cyber Monday Subscription Sale - Unlock this subscriber exclusive article and more for 50% off.
Access all Entrepreneur content with no ads, unlock discounts, and get exclusive advice only available to our subscribers. Plus, our magazine delivered straight to your door.
Get 50% off an annual subscription today. Just use code SAVE50 at checkout.
Entrepreneur Editors' Picks
Online Scams Are More Sophisticated Than Ever. Here's How to Shop Safely on Black Friday and Cyber Monday, According to a Cyber Intelligence Expert.
This Guy Saved Barbie From Cultural Extinction. He Did It by Asking One Big Question.
The Top 5 Hot Franchise Categories for 2023, According to One Industry Expert
Why Can't We Resist Black Friday and Cyber Monday? A Behavioral Economist Explains the Psychological Forces That Make Sales Irresistible.
I Couldn't Sleep. I Obsessed Over My Failures. Then I Found the Weirdest Cure.
This Pitch Scored a $250,000 Investment — But It Almost Didn't Happen
Employees Were Demanded to Go Home. Here's How We Invite Them to Come Back.