Did you know that there are over 28 million home based businesses in the United States today? Many of the world’s most successful enterprises started out in garages as home based businesses. Disney, Amazon, Yankee Candle Company, Hewett Packard, and Apple are just a few examples of businesses that started out of a home.
Don't rely on your homeowner's insurance to cover your business. Most, if not all, homeowner’s insurance policies will exclude your home based business. The good news is that a home-based business insurance policy can cost as little as $150.00, depending on the revenue and the kind of business you have.
Be sure to check your local zoning to determine if your community laws allow a home-based business. This is especially true if you plan to have customers in your home.
Consider keeping two computers, one for personal use, and one for business, to separate your personal and professional lives. You will also want to keep your security programs, browsers, and operating system up to date, which the Federal Communications Commission says is the “best defense” against viruses, malware, and other online threats.
Insurance for small businesses provides protection and peace of mind in case of an injury, damage, or lawsuit, and can protect important assets such as your home and family savings from being included in any litigation damages.