At IAL Insurance, we find ourselves insuring more and more small businesses, many of which are home-based.

Operating a business from home can be convenient, affordable, and profitable. However, it can also carry some risks that you may not be aware of.

Here are some factors you should know about when operating a business out of your home.

Homeowner’s insurance may not cover business inventory.

Home insurance is intended to insure residential properties. It could change its use once you start conducting business from your home. While personal contents like clothing and furniture will still likely be covered under home insurance, business machinery, computers, and inventory may not.

Your liability risks may increase.

This is particularly true if you perform onsite consulting or conduct business on your property. Your home insurance may not cover you in business-related liability claims.

Vehicle coverage.

If you use your personal vehicle for business use, ensure your auto insurance is aware of how and when it is used beyond personal use. This will ensure that you and your business are protected should an incident occur.

Cyber liability.

Many at-home businesses store a large amount of personal data onsite. You are responsible for protecting this data, and cybersecurity coverage can help protect your interests.

Talk to us today.

If you have or are considering starting an at-home business, make sure your bases are covered. Assuming you are covered by homeowner’s insurance could be a mistake. Reach out to us at IAL Insurance to discuss your situation and how we can help.

Make sure your Indianapolis, IN, small, at-home business is protected. Contact IAL Insurance for a free quote today.