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HOME
 BUSINESS
INSURANCE
Do You Really Need It?
The thing about home business insurance is that
many home-based business owners assume that their
homeowner's insurance covers property damages and
liabilities having to do with the business.
This is not usually the case.
Rather than find out after it's too late, it's a good idea
to find out about insuring your home-based business
at the start.

It may cost less than you think because, in many
cases, business owners can simply add on a "rider" to
their existing policy.

This can be much cheaper than purchasing a brand
new policy.
Furthermore, business owners may need liability
coverage if clients frequently visit the home, but
they may not have much business property to
insure.
Let's look at 5 ways you can cut costs when it
           comes to insurance fees:
1. CALL YOUR INSURANCE COMPANY


 The majority of at-home
 business owners aren't aware
 that they can make a simple
 change to their existing
 homeowner's policy to cover
 damages due to business
 activities.

 This addition is called a home
 business rider, and it can be
 fairly inexpensive, depending
 on what needs to be insured.
2. GET QUOTES FROM MULTIPLE COMPANIES


 In order to make sure that you're
 receiving the best deal, you want
 to shop around.

 The quickest way to do this is
 through one of the online
 insurance networks where you can
 get multiple quotes all at one time.

 This is a real time-saver, and this
 method is more transparent and
 typically more competitive, which
 means you can avoid getting
 ripped off by unnecessary high
 rates.
3. FIND GROUP DISCOUNTS
Many times, regional business
clubs or trade associations provide
lower-priced group insurance
programs not usually available to
small or home-based operations.

By buying in bulk, these
organizations receive lower
insurance premiums, when they
can then pass on to their members.

Becoming a member may cost you
money, but may be inconsequential
when compared to the insurance
cost savings you receive.
4. SHOW YOU ARE LOW RISK

For instance, if customers,
vendors or workers visit your
home, install security and
safety equipment as well as
proper lighting and remove
any potential hazards.

If you are not sure what
could make you a high-risk
client, ask your insurance
company. Then make any
necessary adjustments.
5. INCREASE YOUR INSURANCE DEDUCTIBLE


 As with any type of insurance,
 when you increase your
 deductible, your premiums
 typically go down.

 Raising your deductible can lower
 your monthly premiums, but you
 don't want to raise it so much that
 you wouldn't be able to afford to
 pay for damages in an accident
 that the insurance doesn't cover.

 Somewhere in the middle is
 usually best.
5. INCREASE YOUR INSURANCE DEDUCTIBLE


 Most times, home-based
 entrepreneurs pay less since
 they have less property to
 insure.

 Some home businesses don't
 employ workers or even have
 clients visiting the premises.

 This can cut way down on
 insurance cost. This is actually
 one of the big benefits to
 running a small home business.
5. INCREASE YOUR INSURANCE DEDUCTIBLE


 On the flip side, however,
 the smaller the business,
 the fewer the resources it
 has in the case of a
 problem or disaster.

 This is why it's so
 important to insure the
 property that your business
 can't do without - your
 business is your livelihood.
5. INCREASE YOUR INSURANCE DEDUCTIBLE


 Small business can easily go
 out of business overnight
 without the proper
 insurance coverage.

 And since the cost of
 insuring a home business vs
 a larger company is
 minimal, it just makes
 sense to make a small
 investment and minimize
 your risk.
Get a Free Quote Online:

www.HomeBusinessCenter.com/123/insurance.html

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Home Business Insurance - What Do You Need?

  • 2. The thing about home business insurance is that many home-based business owners assume that their homeowner's insurance covers property damages and liabilities having to do with the business.
  • 3. This is not usually the case.
  • 4. Rather than find out after it's too late, it's a good idea to find out about insuring your home-based business at the start. It may cost less than you think because, in many cases, business owners can simply add on a "rider" to their existing policy. This can be much cheaper than purchasing a brand new policy.
  • 5. Furthermore, business owners may need liability coverage if clients frequently visit the home, but they may not have much business property to insure.
  • 6. Let's look at 5 ways you can cut costs when it comes to insurance fees:
  • 7. 1. CALL YOUR INSURANCE COMPANY The majority of at-home business owners aren't aware that they can make a simple change to their existing homeowner's policy to cover damages due to business activities. This addition is called a home business rider, and it can be fairly inexpensive, depending on what needs to be insured.
  • 8. 2. GET QUOTES FROM MULTIPLE COMPANIES In order to make sure that you're receiving the best deal, you want to shop around. The quickest way to do this is through one of the online insurance networks where you can get multiple quotes all at one time. This is a real time-saver, and this method is more transparent and typically more competitive, which means you can avoid getting ripped off by unnecessary high rates.
  • 9. 3. FIND GROUP DISCOUNTS Many times, regional business clubs or trade associations provide lower-priced group insurance programs not usually available to small or home-based operations. By buying in bulk, these organizations receive lower insurance premiums, when they can then pass on to their members. Becoming a member may cost you money, but may be inconsequential when compared to the insurance cost savings you receive.
  • 10. 4. SHOW YOU ARE LOW RISK For instance, if customers, vendors or workers visit your home, install security and safety equipment as well as proper lighting and remove any potential hazards. If you are not sure what could make you a high-risk client, ask your insurance company. Then make any necessary adjustments.
  • 11. 5. INCREASE YOUR INSURANCE DEDUCTIBLE As with any type of insurance, when you increase your deductible, your premiums typically go down. Raising your deductible can lower your monthly premiums, but you don't want to raise it so much that you wouldn't be able to afford to pay for damages in an accident that the insurance doesn't cover. Somewhere in the middle is usually best.
  • 12. 5. INCREASE YOUR INSURANCE DEDUCTIBLE Most times, home-based entrepreneurs pay less since they have less property to insure. Some home businesses don't employ workers or even have clients visiting the premises. This can cut way down on insurance cost. This is actually one of the big benefits to running a small home business.
  • 13. 5. INCREASE YOUR INSURANCE DEDUCTIBLE On the flip side, however, the smaller the business, the fewer the resources it has in the case of a problem or disaster. This is why it's so important to insure the property that your business can't do without - your business is your livelihood.
  • 14. 5. INCREASE YOUR INSURANCE DEDUCTIBLE Small business can easily go out of business overnight without the proper insurance coverage. And since the cost of insuring a home business vs a larger company is minimal, it just makes sense to make a small investment and minimize your risk.
  • 15. Get a Free Quote Online: www.HomeBusinessCenter.com/123/insurance.html

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