Small home businesses are in just as much need for commercial insurance as larger, office-based counterparts. In some ways, insuring a small home business is even more important; it protects you from personal liability in matters that should really take their toll on your business insurance. Here are some types of commercial insurance to consider for your home business.
General Liability Insurance
The first thing that many new businesses opt for is a general liability insurance that covers a wide range of issues, such as problems with your product or service, damages to your product or business equipment, and complaints of on-site injuries from your clients.
If you've been convicted of a DUI, driving without insurance, or some other serious driving offense, the court might have ordered you to obtain an SR-22 filing with your insurance. Many people assume that SR-22 is a separate (and more expensive) type of insurance, but that's not the case. The SR-22 itself is a certificate that your insurance company files for you. They will charge you a nominal fee for doing so, but that's not what will cost you.
When you have a roommate, you have to get used to a certain level of sharing. Sharing cleaning duties, bills, and even food at times can be to the benefit of both of you. If the two of you are young and on good terms, it may be a good idea to share car insurance as well. Here are three reasons why you should consider putting your friend and roommate on your auto insurance policy.
If you own your own property, you likely have property insurance. Lightning that strikes a home or property is an example of an unforeseen occurrence that could result in you needing to file a timely claim. The following points will help you to better understand what you need to observe and do after severe weather involving lightning occurs.
Start with preventive measures if there are not any in place.
Invest in surge protectors to protect electronics.
If you don't have your business insured against cyber attacks, you might be setting yourself up for a catastrophic event. Cyber attacks don't just happen to large corporations. They happen to small mom-and-pop enterprises, as well. In fact, virtually any business that utilizes the internet is in danger of falling victim to a cyber attack. If that happens, the effects could be devastating, especially if you're not insured. Here are three things you need to know about cyber attacks.