Many people launch successful business at home. Home business owners often have one (or zero) employees; they make relatively low revenues.
Low revenues don’t mean you shouldn’t insure your business. Every home business should have proper insurance coverages. The United States Small Business Administration (SBA) says at-home businesses make up over 50% of all American companies – far too many of these don’t have appropriate business coverage. Though home-based businesses typically operate as small businesses, their unique locations (in homes) may require owners to get special insurance coverage. Your homeowners insurance doesn’t necessarily protect your home business from property losses and liabilities.
When your business has grown and thrived, it will enter the “medium business” category. Insurers define business sizes in various ways; however, if you have fifty to a thousand employees and annual revenues in the ten million to one billion range, your insurer will probably call your company “medium-sized”. Insurers often offer special policies that specifically suit the needs of this segment; these plans typically combine liability and property protections. If your company maintains expensive equipment and spans multiple states, consider seeking out a special, customized policy.
Whatever your needs, give us a call, have you been told you can’t insure your risk, been turned down, or simply unhappy with your current insurance? Since 1995 we’ve been providing coverage to our customers, and helping people across United States.
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