You started up a work at home business and everything is going well. You want to expand in such a way that sets you up for long term success. One of the necessary parts of growing a successful business is protecting your finances with insurance.
Commercial insurance helps you in many liability issues surrounding your business. You are at risk of customers and clients suing you based on several factors. If someone gets hurt when they go to a meeting with you, if it involves a business meeting then it’s likely it’s covered under a commercial claim and not a personal insurance claim.
You have many points of liability when it comes to your products. One of the most important types of coverage you can get is product liability insurance. Lawsuits for injury and wrongful death relating to products can range in the millions. Even if you’re an incredibly successful work at home business, you probably don’t have that much money laying around.
What if you provide services instead of products? You still have some risk of a lawsuit, although it’s harder for the client to show that there was damage caused by your services. If you want to protect yourself from that type of lawsuit, errors and omissions insurance is key.
Commercial insurance comes in many forms, so you can pick and choose the policies that best fit the business situation. One of the must-haves is commercial property insurance, as homeowners insurance generally doesn’t cover business equipment or loss.
Talk with our insurance agents in Dallas, TX to find out all of the commercial insurance options that work for your home based business.
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