Find Cheap Home Office Insurance

Office Contents Insurance and Inexpensive Home Business Insurance

Feb 1, 2007 Lisa Nichols

Guest writer Patricia H. Stadnick of Amica Mutual Insurance Company discusses getting inexpensive home business insurance. Learn about home office contents insurance.

Do you work from home on a regular basis? More and more people are discovering the advantages of home-based businesses and the flexibility of telecommuting. Even those working traditional office jobs may take work home regularly to catch up or get ahead. If you fit into one of these categories, you may want to perform a home office insurance check-up to ensure that all of your exposures are covered.

For example, many people think that homeowner insurance policies provide enough coverage for professional liability and business equipment used in a business office at home. But in fact, most homeowner insurance policies provide only $2,500 in coverage while the property is on the premises—and far less when off the premises— which may not be enough to cover all of the equipment that you own in your home office. And if your home business requires regular visits by customers, clients, or delivery people, you may also need to buy professional liability insurance.

Things to Consider When You Want to Find an Inexpensive Small Business Insurance Policy for Your Home.

If you’re wondering whether you may need to buy office contents insurance, small office insurance or professional liability for your home-based business, first identify the equipment and resources in your home that you utilize for business purposes. If you make use of any of the following items in a business capacity, you may need additional small office insurance:

• Personal or laptop computer
• Office furniture
• Electronic equipment
• Supplies
• Hobby items such as crafts

After identifying items in your home that are used for business purposes and may need office contents insurance coverage, next assess your potential professional liability exposures. If you provide services like tutoring or teaching piano lessons or if your home-based business generates increased traffic around your home, you probably have increased professional liability exposures that should be addressed with a small office insurance policy. Having the appropriate coverage in place protects you and your assets if someone gets hurt on your premises.

In some cases, you may obtain the additional coverage that you need in the form of an endorsement to your existing homeowner insurance coverage. In other cases, a cheap in-home business insurance policy may be required to get proper office contents insurance. There are many variations based on the state in which you live and the policy forms in effect for that state. For the appropriate policy and help in determining the level of coverage you may need, it’s best to get professional advice before buying even the cheapest home office insurance.

Patricia Stadnick, CPCU is a Communications Officer at Amica Mutual Insurance Company. For more information on Amica insurance visit www.amica.com.

Check out the writer's blog for the latest news on office contents insurance.

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