Many entrepreneurs start businesses in their home so that they can work whenever they have a few extra minutes. Because they start out so small, business owners don’t often think about insurance. They may also believe that their homeowner’s policy will cover all of their needs.

However, that couldn’t be farther from the truth. Here are some types of insurance that you may need for your home-based business.

General Liability Insurance

General liability insurance is used to protect your business for multiple reasons. This includes negligence, injury, or even products that are faulty.

If you don’t have any products that you keep on your property, general liability insurance may be enough for your business.

Commercial Property Insurance

Commercial property insurance covers any property damage due to fire, theft, and weather. Property insurance covers your home, plus your equipment, furniture, and inventory that you have in your home.

Property insurance is a must if you are storing products in your home. You may also need this insurance if you have a lot of expensive equipment that you use for your business. This even includes plumbers, electricians, landscapers, and much more.

Errors & Omissions Insurance

Errors and omission insurance, otherwise known as E&O insurance, is used to protect business owners against any mistakes that they may make.

E&O insurance is necessary if you sell services instead of products. Accountants, lawyers, real estate professionals, and other service-based businesses need to have enough errors and omissions insurance to cover any lawsuits that may be brought against them.

Though most home-based businesses can get away with a general insurance policy, others need more coverage. If you keep products in your home, you might want to consider commercial property insurance. If you are a service-based business, you may need to look into E&O insurance.


If you would to like to discuss your options for business insurance please call us at 561-732-9305 our quoting hours are Monday through Friday from 8:30 AM to 5:30 PM. In addition, you can request a quote online. Please remember, We Handle All the Work, While You Save!

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