Your Home Based Business May Be At Risk in the New Normal
Your business may be small, but that won't stop a customer from suing you, business property theft, or inventory damage.
Unfortunately, your homeowners policy may not cover business liability and assets, data breach or loss of business income.
We've partnered with Hiscox Insurance, America's #1 online small business insurer, to offer home business liability insurance.
Get A Fast, Free Home Business Insurance Quote Designed for the New Normal. Starting at $22.50/mo.
Why Do You Need Home Based Business Insurance?
Your home based business might be small, but that won't stop a customer from suing you, or stop a burglar from stealing your home office computer, or stop a fire from destroying your inventory. If any of these things happen, without the right insurance, paying for these losses comes out of your pocket.
Unfortunately, your homeowner's policy may not cover things like business liability, business property, data breach or loss of business income. And adding home based business coverage to your homeowner's policy may still not be enough.
General Liability Insurance
If you work from home and don't have inventory, equipment or an offsite location, you might only need general liability insurance. It may help protect you if a customer sues you for negligence, resulting in things like personal injury or damages from a faulty product.
Business Owners Policy
If you have business property, like a separate structure, inventory, or even a laptop used for business, consider a business owner's policy. It combines property and liability insurance in one convenient policy. So home office equipment, inventory or even if you are sued by a customer injured in your home office, you could be covered. If your home gets damaged and you must close your business, a business owners policy can offer coverages that can even help cover your loss income.
Professional Liability (Errors and Omissions) Insurance
Professional liability insurance, also called errors and omissions (E&O) or indemnity insurance, protects your business if you are sued for negligently performing your services, even if you haven’t made a mistake.
Helping you find the right insurance for your home based business is just one way that PeoplesAlly can help you prevail when the unexpected strikes.
Underwritten by Hiscox Insurance Company Inc. (HICI) a Chicago based insurance company. This information is provided to assist you in understanding the coverage we offer and does not modify the terms and conditions of any insurance policy, nor does it imply that any claim is covered. Coverages are subject to underwriting and may not be available in all states.
Advanced e-Financial Technologies, Inc. (AeFT) d/b/a PeoplesAlly Insurance Services is an online broker of insurance products and services. Policies are underwritten by third-party insurers (“Insurers”) that are not affiliated with PeoplesAlly Insurance Services. The insurers are solely responsible for future claims. PeoplesAlly does not underwrite any insurance policies as described on this site. Additionally, any insurance policy premium quotes or ranges displayed are non-binding. The final insurance policy premium for any policy is determined by the underwriting insurance company following application.
The information provided on this website does not constitute insurance advice. All content and materials are for general informational purposes only. Please complete PeoplesAlly's online application and contact one of our licensed insurance professionals to obtain advice for your specific business or personal insurance needs.
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