Did you know that many large and successful companies actually started as businesses in homes and/or garages? Disney, Amazon, Hewlett-Packard, and Apple are just a few examples. Today there are over 28 million home based businesses. Home based businesses generate over $5 billion in sales and account for 52% of all small businesses.
Most home based businesses do not have the same risks as other business including buildings, employees, production machinery, and a fleet of vehicles. However, home based businesses do have many risks that need to be considered.
Home Based Business Risks Include:
Home Based Business Insurance
Do not rely on your homeowner’s insurance to cover your home based business!
Most Homeowner’s insurance policies exclude most home based business operations. The good news is that a home based business insurance policy can cost as little as $250.00 depending on the revenue and the kind of business you have.
What Kind of Insurance Does a Home Based Business Need?
Insurance for small businesses provides protection and peace of mind in case of an injury, damage, or lawsuit. Small business insurance can also protect important assets that you have worked long and hard to acquire, such as your home and family savings, from being included in any litigation damages.
Slevin Insurance Group is one of the leading insurance agencies in the Chicago area. We’re always looking for ways to improve even though we think we’re already the best. Don’t just take our word for it – it’s what our customers are telling us.
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