Dane Carlson's Business Opportunities Weblog - Opportunities, news, and links for small business entrepreneurs
Dane Carlson's Business Opportunities Weblog - Opportunities, news, and links for small business entrepreneurs: "
Is Your Home Business Properly Insured?
Portland Press Herald:
Many homeowner policies provide only $2,500 of business personal property coverage at your house and $250 away from your premises. That will barely cover your desk, file cabinet and computer.
If you are using a garage that's separate from your house for storage or any other business operation, you may be subject to a broad policy exclusion that excludes all coverage for that building.
Your home insurance provides no coverage for business interruption - payment for the lost profits and continuing expenses during the time it takes you to rebuild your business after a fire, windstorm or other insured loss.
Business liability incidents are also excluded by most home policies. A client visiting your home or an injury you cause would not be covered. There is no product liability insurance in a homeowner's policy. Personal umbrella insurance offers no business coverage either.
via Chuck and the MLM Business Opportunities Blog.
Posted by Dane on October 27, 2005"
Is Your Home Business Properly Insured?
Portland Press Herald:
Many homeowner policies provide only $2,500 of business personal property coverage at your house and $250 away from your premises. That will barely cover your desk, file cabinet and computer.
If you are using a garage that's separate from your house for storage or any other business operation, you may be subject to a broad policy exclusion that excludes all coverage for that building.
Your home insurance provides no coverage for business interruption - payment for the lost profits and continuing expenses during the time it takes you to rebuild your business after a fire, windstorm or other insured loss.
Business liability incidents are also excluded by most home policies. A client visiting your home or an injury you cause would not be covered. There is no product liability insurance in a homeowner's policy. Personal umbrella insurance offers no business coverage either.
via Chuck and the MLM Business Opportunities Blog.
Posted by Dane on October 27, 2005"
posted by Daryl at 12:44 AM
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