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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 UnitedStates. But some 60 percent of them are with the future oftheir businesses--and most don't even know it. These homebasedentrepreneurs don't have enough coverage,according to the Independent Insurance Agents of America Inc.(IIAA), an Alexandria, -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:

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