Today, 3 out of 10 homeowners operate a business out of their homes*. The Independent Insurance Agents of America (IIAA) say nearly 40% of those they surveyed are uninsured primarily because they thought their homeowners policy covered their business.
Typically, your homeowners policy won’t cover liability arising from your home business. For example, if a delivery person or client visitor slips and falls. This could become a major loss of income and could even put your home insurance coverage at risk. If you have a home based business consider contacting us to discuss proper coverage options that offer both protection and affordability.
*According to the National Bureau of Labor Statistics
