Starting a home-based business can be exciting, but overwhelming. Here are three insurance gaps for business owners to keep in mind:
- Make sure you have the appropriate type of coverage. Risks are everywhere, and a home business can also expose you to even greater liability risks! While your homeowners or umbrella insurance may have some coverage, you may want to consider additional liability coverage for business-related issues. Meet with your Farmers agent for a Farmers Friendly Review to make sure you’ve got the coverages you need!
- Make sure your insurance will cover your home office! Renovations can often cause gaps in your homeowners insurance because they can change the reconstruction costs of your home. It’s always important to update your limits to reflect the true cost of rebuilding your home – including the remodel!
- Review your life insurance! If you left your job to start a home business, then you likely left behind your life insurance, too! We have options to keep you, and any employees you may hire, properly covered! Check out our blog post to learn more about how choose the right policy for you.