There are benefits to having a home business, but it can get complicated when it comes to getting insurance for the business you run out of your home. The Paragon Independent Insurance Agency of Plano, TX can help you sort through the issues and find a policy that will work for your situation. The type of business would be very important as far as liability and other issues. A writing business with almost no overhead would need very little insurance. A small winery on the other hand, with a few employees, could get complicated fast.
There are three major ways you can ensure your business in your home. You can get increased business property limits with your regular homeowners’ policy. This is good for small operations where you do not have customers in your home and if you do not have a lot of stock or property.
An in-home business insurance policy is a middle ground of sorts, that increases coverage for more property or stock that may be stored in your home. This is good for when you have a few customers in your homes, such as a hair salon or tax preparation.
For even larger operations there is a separate business insurance policy for homeowners. This would increase your liability coverage, and keep in mind that some homeowner policies do not cover liability for business use. This option is good if the business supports the household.
Visit the Paragon Independent Insurance Agency in Plano, TX today to find out more about insurance for your home-based business. Every case is different, and we can find a policy that will best fit your individual needs. You would need to have homeowners insurance to make an addition to the policy for business coverage. You can get them at the same time.
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