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What If I Run An In-Home Business?
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Homeowner policies aren’t designed to insure in-home businesses. Homeowner premiums assume that the insurance protection is for a residence and related structures. Therefore no liability coverage is available for loss related to business activity such as:
customers who slip and fall on your premises
damage to business property you own or that is in your care or custody
injury caused by things you make (products liability)
damage due to services you promote or provide (professional liability)
Nearly as important, your insurer is also unlikely to defend you against claims involving a business.
What About Coverages For My Employees Or "Other Structures"?
Generally, a standard homeowner’s policy does not provide workers compensation coverage for any employee. Medical expense and liability coverage may be available for workers who are ineligible for workers compensation, such as maids, butlers, or nannies. However the coverage only applies while the employee is performing residential tasks.
* increase the coverage limits for business personal property
* cover garages and other buildings that are rented to others
* protect electronic business equipment which is usually used in a vehicle while such equipment is located outside of a vehicle
* provide theft coverage for landlord's property
* acquire limited business personal property and liability coverage for a in-home daycare
* cover a condo unit owners' liability for damage caused by renters
* provide premises liability coverage (i.e. slips and falls by customers)
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