Are you one of the entrepreneurs pondering a home-based business in San Francisco, CA? You are on the right track because a home-based offers minimal operating costs, flexibility, and freedom of commuting. But have you thought about business insurance from Biddle-Shaw Insurance Services Inc.? Like any business, a home-based business needs commercial insurance for the reasons below:
Homeowners insurance doesn’t protect your home-based business optimally
Most home-based business owners make the mistake of assuming that home insurance covers their business. Unfortunately, typical home insurance excludes business-related risks. For instance, if a customer trips and injures their back when attending a business meeting, home insurance won’t cover the medical costs. Similarly, home insurance won’t cover claims arising from a detached garage business within your home.
To protect your business
Your home-based business may be operating on a small scale, but it has the same kind of risks as its large counterparts. Here are some of the perils covered by commercial insurance for your home-based business:
- Liability claims: While liability coverage isn’t compulsory in California, every business should invest in this coverage since liability claims are common and costly. Commercial insurance protects your business against claims of bodily injury, property damage, and advertising injury. Plus, it saves you when sued.
- Assets protection: Commercial insurance protects business assets, such as computers, furniture, and other assets from risks listed in your policy.
- Workers protection: Whether you are the only worker in your business or have other employees, you must invest in worker’s comp insurance. This coverage protects your employees against work-related injuries and illnesses.
Are you ready to invest in commercial insurance for your San Francisco, CA business? Why don’t you get in touch with Biddle-Shaw Insurance Services Inc.? We offer personalized commercial insurance policies that suit your specific needs.