July 24, 2023
Do you know if your home business is protected under your home insurance? Would you be protected if a client slipped and injured her back on your premises or if a thief stole your equipment and ransacked your office?
Whether working from home is covered by your insurance depends on the specific home insurance policy and the type of coverage you have. Traditional homeowners or renters’ insurance policies typically do not provide coverage for work-related activities, even if they are conducted from home.
There are specialized insurance policies available, such as business insurance or home-based business insurance, which can provide coverage for certain work-related risks when you operate a business from your home. These policies may offer coverage for things like business property, liability, and even business interruption.
There are several types of insurance that can provide coverage for individuals working from home. Here are a few common types:
If a thief steals your work computer from your home-based business, whether or not you are covered by insurance depends on the specific insurance policy you have in place. Here are a few scenarios to consider:
It’s important to remember that insurance policies often have coverage limits, deductibles, and specific conditions. You may also need to provide proof of the stolen property and file a police report to initiate a claim.
Ask your Western insurance expert to help you review your policy, clarify the coverage details, and guide you through the claims process if necessary.
Your Western Coast insurance expert can also provide you with detailed information about what is and isn't covered under your policy, including any endorsements or additional coverage options that may be available to address your work-from-home situation.