If you run a business from your home in Oro Valley, AZ, you may assume that your homeowner’s insurance will adequately cover its contents in the event of a mishap. While homeowner’s insurance provides some protection, it is often insufficient for home-based businesses. Old Pueblo Insurance can help you determine the coverage you need to protect your business.

Why a Standard Homeowner’s Policy Isn’t Enough

Homeowner’s insurance typically offers limited compensation for business equipment, such as computers and printers, that are damaged or lost due to a covered risk. It also does not provide liability coverage for business-related incidents, such as a customer sustaining injuries while visiting your home or someone experiencing an allergic reaction to a product you sold. Additionally, homeowner’s policies do not cover data loss or cybersecurity breaches, which could significantly impact your business operations and income.

How to Protect Your Home Business

For smaller operations, a home-based business endorsement may be sufficient to cover your business equipment and provide limited liability protection. For more extensive operations, consider a small business owner’s policy (BOP), which offers broader property and liability coverage. You may also explore specific types of business insurance, such as general liability insurance or business income insurance, to address your unique needs.

Considerations for Remote Workers

If you work from home for an employer, the company’s insurance policy should cover company-owned equipment in your home office. However, it is important to check with your human resources department to understand the policy details. This will help you limit out-of-pocket expenses in case of risks and clarify whether the company will cover equipment you purchase for work-related projects.

Protect your home-based business by consulting the agents at Old Pueblo Insurance, serving Oro Valley, AZ. Contact our office today to get started on a policy tailored to your needs.