Do you need more protection for your home-based business than is offered by standard home insurance? New York business insurance protection, or additional coverage in your home insurance policy, is probably the solution.
Perhaps your company started with only you, a notebook computer and a mobile phone but your hard work is starting to pay off. Your organization has grown: you might have purchased additional business equipment, business inventory could be stored at your house, there’s a steady stream of clients visiting your house office, and you might have started to build up some capital to invest in expanding your company further.
Standard home insurance New York coverage may in some cases be sufficient to satisfy the needs of a micro-business in its early stages, but if your company is expanding, you have more business assets and profitability is increasing, your exposure to business risks is likely to be much greater. It’s time to consider taking out additional coverage to guard your investment in your home-based business. You have several options depending on the nature of the enterprise.
• Enhance liability and property coverage on standard home insurance by adding an incidental business endorsement.
• Take out an in-home business policy or a business owner’s policy, providing safety from a variety of common business dangers including property and liability.
Don’t jeopardize your hard-earned business income being eroded by unplanned, unexpected expenses that you can’t control. It’s unrealistic to expect your growing business to be protected by your home insurance; New York home-based businesses have a number of insurance options, and a local insurance agent might be able to assist you to decide which solution best suits your situation.