A client could slip and fall during an appointment at a homebased bookkeeping service. A homebased manufacturer could be held liable if his or her product injured someone. Read the fine print on your homeowners policy to find out the restrictions on business property and activity in the home. The average independent insurance agent represents eight companies. Liability protects you against someone getting injured on your premises or by one of your products.
Property damage protects against damage to a host of things, from computers to carpets.
The structure housing your business is also covered, so this might duplicate your homeowners' coverage. A BOP also provides some off-premises coverage, including liability coverage for products you sell or parts you install. Things like flood protection or insurance for outdoor signs may be optional. This policy combines homeowners and business insurance, eliminating duplicate coverage or gaps. This is a good choice for a company with no more than a handful of business visitors each week and quality computer equipment.