Insurance Tips for Home-based businesses

A home business is the best way to add up to one’s regular income. If it expands, you can even leave your regular job. This allows you to do everything you want; spend quality time with your family, avoid travel expenses and a lot more. But, people often forget the fact that a home business is no different from any other business. The risks it would have to face may be less when compared to big enterprises. But, this does not mean that home businesses are free from mishaps like accidents. For this reason, your small endeavor too needs insurance protection like any other large-scale organization.

Some common myths

Following are some of the common excuses or myths home business owners present to justify their decision to cut down on business insurance.

1. This is just a small firm

It may be true that yours may be just a small enterprise. But, that does not mean that you can avoid insurance protection. Business involves liabilities. If the product you sell is damaged or someone faces an accident when working for you, you are sued. And, don’t think that your homeowner’s policy would come to your assistance in this situation. It protects only your home and the equipment in it. Some companies even feel that operating a home business goes against their policy. Having to handle the legal issues on your own would not only drain your budget, but also would ruin your reputation in the market.

2. Business insurance is costly

People are generally of the view that anything related to business is costly. But, this is not the truth most of the time. A bit of time spent shopping around would come up with excellent insurance packages. If you are fortunate enough, you may even be able to come across policies with a premium of just $50 per year. There are also agencies willing to customize their policies as per your requirements.
Insurance is way too complicated to understand is another myth agencies often are asked to handle. This too is wrong to some extent. Just talk to an expert and you would be guided in the right direction.
A small checklist

These insights come up with the next question, what kind of coverage does a home business need? Try to answer the following questions before taking a final decision in the matter.

• Does your business produce and supply any product or food item?
• Does your business require a vehicle for its operations?
• What kinds of equipment would be used for the company?
• Does your firm need external services to fulfill any of its commitments?
•

If you are someone residing in California, you would not have any difficulty to get insurance protection for your home business. All you need to do is to explore the websites of renowned companies. Most of the reputed agencies would have call-centers operating in your locality. Getting the right kind of coverage is just the matter of talking with an expert and customizing the packages available for you.


Searching with the keyword “California business insurance” would come up with thousands of results. Be careful to compare quotes from an authorized agents.


If you are running home business from San Diego and you need affordable San Diego business insurance http://southcaliforniainsurance.com/business-insurance/ call (619) 296-1228 or visit South California Insurance http://southcaliforniainsurance.com/ at 801 Washington Street, San Diego.


Contact Person: Goran Mijailovic
E-mail: [email protected]
South California Insurance Company
Address: 801 Washington Street San Diego, CA 92103
Tel/Fax: (619) 296-1228
Website: http://southcaliforniainsurance.com/