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These days, many people living in Green, Ohio, work from home. If you have a home-based business, chances are you have a dedicated space where you conduct your business activities. But will your homeowner’s insurance cover any potential losses? Ken Boldt Insurance Agency II Inc. can help you fully protect your home office.
Does Homeowner’s Insurance Cover Your Home Office?
A standard homeowner’s policy provides some protection for items related to your home business. However, this coverage is often limited and may not be comprehensive enough to meet your needs. Most homeowners’ policies cover equipment in your home office up to a certain amount, typically around $2,500. If your office consists of basic items, such as a computer, printer, and similar equipment, this coverage may be sufficient. However, for more extensive setups, additional protection may be necessary.
Additional Policies to Consider
While homeowner’s insurance offers some coverage, it does not provide liability protection for your business activities. If you work in industries that involve offering advice or services to clients—such as accounting, advertising, public relations, or graphic design—you should consider professional liability insurance, also known as errors and omissions insurance. Additionally, general liability insurance or an umbrella policy is a wise choice if clients visit your home.
Depending on the type of business you run, you may need specialized policies. For example, if you maintain inventory on your premises or manufacture baked goods or other items, you should consider insurance to protect those investments. Some insurers may allow you to add an endorsement to your homeowner’s policy to cover your operations adequately.
Learn more about how to adequately protect your home business by contacting Ken Boldt Insurance Agency II Inc., serving residents of Green, OH. Contact our office today to schedule an appointment.
