General Liability Insurance for Home-based Businesses

Running a business from home can have its advantages, such as lower overhead costs and a flexible work environment. However, it also comes with unique risks that traditional homeowners insurance may not cover. This is where general liability insurance for home-based businesses may be essential.

What Is General Liability Insurance?

General liability insurance can offer financial protection for your business against third-party claims related to property damage, bodily injury and personal injury, including libel or slander. This coverage can be crucial for home-based businesses because it addresses risks not typically included in standard homeowners policies.

Why Do Home-based Businesses Need It?

Even if your business operates from the comfort of your home, you are still exposed to potential liabilities. For instance, if a client visits your home office and slips, resulting in an injury, you could be held liable. General liability insurance can help cover medical expenses and legal fees associated with such incidents. Additionally, if you accidentally damage a client’s property, this insurance may help cover the costs.

Choosing the Right Coverage

When selecting general liability insurance, consider the specific needs of your business. Factors such as the nature of your work, the frequency of client visits and the value of your equipment can influence the type and amount of coverage required. Collaborating with an insurance provider can help you secure a policy that meets the needs of your home-based business.

Learn More

To review insurance options for your home-based business, contact Huddleston Insurance Services.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.