Why your home-based business needs commercial insurance

Home-based businesses are increasingly popular. Not having to pay for a brick-and-mortar location is a big cost saver and allows many people to start businesses that might not be able to raise the money needed to rent a building. At Abney Insurance in Winter Garden, FL, we understand the risks that all businesses face, and we are in a position to help our customers to get the right commercial insurance to protect their business. 

Why your home-based business needs commercial insurance

Property coverage

Home property coverage is not designed to cover your business. While you may get some limited coverage from your home policy, it may not be adequate to replace the things that you have lost. You need a commercial policy designed to protect the assets that your business has that may be stored in your home or in your home office. 

Liability coverage

If customers or clients are visiting you at your home, you need to have commercial liability insurance to protect you. If someone is injured while visiting you, your home insurance does not protect you. If you get sued by a client or a vendor, this is definitely outside the scope of your home insurance. Commercial liability insurance can offer you the protection that you need to have a viable home business. 

Auto insurance

Most auto insurance policies will not cover your vehicle if you are using it for business. Even if it is mostly for private use, you can’t use it for business and expect to be covered. 

Business interruption insurance

This insurance can help your business to survive if you are not able to do business for a covered reason. It can save your home business. 

Give Us A Call

Contact Abney Insurance in Winter Garden, FL to discuss the types of commercial insurance that your home-based business needs to have to be protected. 

How Does Commercial Insurance Benefit Your Business?

Abney Insurance is pleased to offer commercial insurance to our business owners in the greater Winter Garden, FL area. Every business should have commercial business insurance, though the types of coverage they need can vary from business to business.

Here are a few of the ways that commercial insurance can benefit your business:

Protects Against Lawsuits

Commercial insurance can protect you against lawsuits. If someone slips and falls on your property or sues your business for breach of contract, the insurance will step in and help supplement the attorney’s fees, ensuring a lawsuit does not destroy your business. 

Covers Employees Who Are Injured On the Job

Commercial insurance typically includes workers’ compensation insurance. This type of insurance policy helps to pay for lost wages, medical expenses, and monetary compensation for permanent injuries that employees may face due to injuries they sustained on the job due to accidents. 

Guards Against Property Damage

Commercial insurance protects against property damage and property loss. This includes coverage for vandalism, theft, and some acts of God, such as fires. 

Helps When the Unexpected Prevents You From Doing Business

Lastly, if your business has to unexpectedly shut down, commercial insurance may help to cover the lost revenue that your business would have made during those days. This typically occurs if there is a public emergency, such as a fire or earthquake, or if your building caught on fire. 

Get Coverage For Your Business Today

Commercial insurance can benefit your business in a number of different ways, depending on the specific items you decide to cover with your commercial insurance policy. If you are in the market for a new policy in the greater Winter Garden, FL area, Abney Insurance would love to help. Reach out to us today to learn how to get started.