There are several types of policies, depending on the nature of your work and who visits.
When Regina Mohr started her home-based business, Caliber Meetings and Events, she knew she needed insurance. “Luckily I have good relationships with all my clients,” Mohr said, “but if something were to happen, I don’t have a huge company to fall back on and a huge pocketbook.”
Being a meeting planner does not sound very risky, but Mohr points out she could be held liable if a drunk conventioneer were to damage a venue or if somebody were to trip overequipment that had been left out and get hurt. For situations like that, she knew she needed liability insurance, but she was not sure if she needed other kinds of insurance as well.
Fortunately, Mohr’s insurance agent, Mark Ahart of Ahart, Frinzi and Smith Insurance in Alexandria, Virginia, asked her a series of questions. Did she have employees? No. Did she meet with clients in her home? No. And so on.
Why was he so adamant about determining the correct insurance needs of her home-based business? “There have been cases where homeowners insurance carriers have denied liability claims because it was a business claim rather than a homeowner’s claim,” he explained. That could leave you hanging out to dry and paying big bucks out of your own pocket. “It’s huge peace of mind, knowing that I am covered, if something should happen,” said Mohr, “especially given how litigious people are these days.”
from Best Insurance Quote https://www.bestinsurancequote.io/work-home-dont-insurance-risk/
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