Running your business out of your home has become a popular option. It allows a lot more flexibility and saves the cost of buying or renting a business location. Even though it is located in your home, home insurance is not designed to protect a business, just your home. Great Michigan Insurance in Marshall, MI provides our customers with the right home and commercial insurance to ensure they are protected from all the hazards that can happen.
Yes, your home does have property insurance, but it is not designed to protect a home business. Commercial property insurance combines building coverage with content coverage to cover all aspects of your business. You may get minimal coverage from your home insurance. Still, to protect everything you need to carry out your business, you must have commercial insurance to protect your raw materials, inventory, and everything you use to carry on your business.
If you have customers or clients who visit your home to do business, they will not be covered for injury by your home insurance. You need to have commercial liability insurance to offer the amount of coverage you need.
Personal auto insurance does not cover the business use of your own vehicle. If you need to visit clients or customers or deliver products, this is considered business use of your vehicle, and if you have an accident, you won’t be covered.
Business interruption insurance
If something happens to stop you from being able to do business, how will you pay your bills? This insurance helps a company to be able to meet its obligations until it can get back to doing business.
Contact Great Michigan Insurance in Marshall, MI when you need to discuss how to protect your business and your home.