Home based business banner man tying package

More and more people are turning their hobbies into home based businesses which is a great way to earn extra money and do something you love to do! To make sure you get the most out of your home based business, make sure you have an insurance policy to protect you.

Many home-based business owners often believe their homeowner’s insurance policy is enough to cover them in the event of a claim arising from their home based business, but this is not the case. In fact, only 1 in 3 home based businesses have adequate insurance! In order to make sure you are protected, you will need to purchase a home-based business insurance policy.

At The Barclay Group, you can get a quote and bind your coverage online today here!

What does a Home Based Business Insurance policy cover?
A Home based business insurance policy will give you the ability to write your insurance in the name of an individual, corporation, LLC or partnership and can be extended for up to three employees in addition to the owner. Most importantly, the home based business insurance policy will give you coverage for off-premises liability, business personal property coverage and equipment breakdown coverage which could be costly if you are not properly insured.

Some of the eligible business types for home based business insurance included but are not limited to:

    • Disc Jockey
    • Photographer
    • Baker
    • Wedding/Party Planner
    • Teacher/Tutor
    • Jewelry (Costume) maker
    • Personal Fitness Trainer & More

Some characteristics that would make a home based business ineligible and require a commercial insurance policy include but are not limited to:

    • Anything involving manufacture, installation or repair
    • Event Planner
    • Computer Consultant
    • Landscaper and plant service
    • Personal Shopper and errand service