Have a home business, but not sure if you have the right coverage? The good news is that your regular homeowners policy can likely provide the coverage you need. Here at Farmers, you can simply add a policy endorsement that covers business-related items. This provides coverage for inventory, equipment, and supplies for various types of home businesses, like consulting and direct selling.
However, there are certain instances when homeowners home business coverage may not be enough. Depending on your businesses specifics, you may still want a separate business policy in place. If you use expensive, specialty equipment or have clients visit your home office, you may want to consider an actual business insurance policy. Employees who telecommute are in the same boat. Typically, your standard home policy will be sufficient, but you could still have coverage gaps if the above apply.
We can help you customize your policy to your business with our large menu of insurance options! From property and liability to workers compensation and umbrella coverage, our agents are here for you. You can even bundle all the major business coverages into a Business Owners Policy (BOP)! A single BOP can have more than 20 separate insurance components, which often makes it a cheaper option than individual policies. Keeping all of your coverage together in one place can also make everything easier for you as a business owner! Your BOP is tailored to your individual business and industry, so you have the protection that you need. Click here to learn more about three insurance gaps that business owners should be aware of!