If you’ve decided to start a home business, you should be aware that your homeowner’s insurance may be insufficient to protect your business interests. Your homeowner’s insurance policy may not cover expensive business equipment or products or even offer protection against accidents for customers who visit your home for business purposes.
In contrast, commercial insurance from Alcorn Insurance Agency, Centralia, IL, will provide your home business with all the protection it needs. Here are a few reasons to consider commercial coverage for your home business.
Business Property Protection
If your business requires the use of expensive equipment, commercial insurance will protect this equipment from the risk of theft, damage or loss. Commercial insurance can also protect business products you store or sell from your property.
With commercial coverage, you will be compensated for loss of business property due to fire, storm, vandalism or other covered peril. Replacement cost coverage covers the cost of replacing business products or equipment so you don’t have to pay out of pocket. Depending on the extent of damage to your business, commercial coverage could save you from complete financial loss.
Business Liability Protection
Business liability insurance offers various forms of protection for your home business. If you render a professional service from your home, you may want professional liability coverage to protect your clients when on your property. If you manufacture or sell products from your home, product liability will protect you against the risk of injury your product may cause to customers at large.
Business Growth and Expansion
There are always risks to running a business, whether it’s from your home or in a separate business location. Commercial insurance will protect your business against these risks, giving your enterprise the opportunity to grow and prosper.
For more information about commercial coverage for a home business, contact Alcorn Insurance Agency, Centralia, IL.