Make sure that the agent or representative you select is knowledgeable about insurance for your type of business. You might ask other home business owners, especially someone who has a home business similar to yours, to recommend an agent for you. Or check with the state or national trade association that covers owners of businesses like yours. This person will help you figure out what your needs are and how to get the best coverage for you, now and as your needs change. Asking About Discounts insurance companies frequently offer discounts to owners of businesses with fire detectors or security systems.
Some companies also offer discounts to persons who drive a minimum number of miles each year.
Be sure to ask your agent or company representative if you're eligible for these or other discounts. As Your Company Grows As your company thrives, keep in touch with your insurance agent or company representative. Just as you would let the insurance professional who handles your homeowners insurance policy know if you added a deck to your house or bought expensive home entertainment equipment, so you should let the agent or company representative know if your business equipment, inventory or operation is more extensive that when you bought your policy. If you neglect to do so and you have a loss, you may find that your policy has limits far below the actual current value of your possessions. Your State Insurance Department Insurance is regulated by the states, and every state has a state insurance department.