• Latest

Select the right insurance for your home-based business

July 8, 2013

Montpelier Police Dept. Virtual Reality Training System

May 24, 2022

Gifford to Offer Teens a Safe Sitter® Course

May 24, 2022
Vermont Foodbank Chief Financial Officer Julie-Ann Graves, 2022 Winner of the Remarkable Woman

Vermont Foodbank Chief Financial Officer Julie-Ann Graves, 2022 Winner of the Remarkable Woman

May 24, 2022
Barre Lions Club Community News

Barre Lions Club Community News

May 24, 2022
African Queen (1951)

From Here to Eternity (1953)

May 24, 2022
Student Artwork Graces Downtown Storefront

Student Artwork Graces Downtown Storefront

May 17, 2022
Vermont Plants Sunflowers for Ukraine Solidarity Update

Vermont Plants Sunflowers for Ukraine Solidarity Update

May 17, 2022

Upper Valley Everyone Eats Returns to Gifford in May

May 17, 2022
African Queen (1951)

Some Like it Hot (1959)

May 17, 2022
Just Some Thoughts

A Million Little Miracles

May 17, 2022
Young Wildlife Belong in the Wild

Young Wildlife Belong in the Wild

May 10, 2022
Make-A-Wish® Crowns Best Beard in Vermont and Raises Over $90,000 at Sixth Annual Vermont Beardies

Make-A-Wish® Crowns Best Beard in Vermont and Raises Over $90,000 at Sixth Annual Vermont Beardies

May 10, 2022
  • Home
  • Disclaimer
  • Privacy
  • Sitemap
Saturday, May 28, 2022
The World Online
Advertisement
  • Home
  • News & Features
    • Local News
    • Letters & opinions
    • George Shuman
    • Max’s View
    • Local Sports & Outdoors
    • Births
    • Weddings & Engagements
  • Calendar
    • Art Exhibits
    • Calendar of Events
    • Ongoing Events
  • Obituaries
  • Submit
    • Submit Calendar Listing for Non-Profit Events
    • Submit An Article To The World
    • Submit Letter To The Editor
    • Submit Sports News/Photo
    • Submit Birth Announcement
    • Submit Engagement Announcement
    • Submit Wedding Announcement
  • Advertising
    • World Rates and Ad Sizes
    • World Distribution Map
    • World Deadlines
    • Audit and Reader Surveys
    • Advertising Inquiry
  • Classifieds
    • Place Classified Ads
    • View Current Classifieds
  • About Us
  • Contact Us
No Result
View All Result
  • Home
  • News & Features
    • Local News
    • Letters & opinions
    • George Shuman
    • Max’s View
    • Local Sports & Outdoors
    • Births
    • Weddings & Engagements
  • Calendar
    • Art Exhibits
    • Calendar of Events
    • Ongoing Events
  • Obituaries
  • Submit
    • Submit Calendar Listing for Non-Profit Events
    • Submit An Article To The World
    • Submit Letter To The Editor
    • Submit Sports News/Photo
    • Submit Birth Announcement
    • Submit Engagement Announcement
    • Submit Wedding Announcement
  • Advertising
    • World Rates and Ad Sizes
    • World Distribution Map
    • World Deadlines
    • Audit and Reader Surveys
    • Advertising Inquiry
  • Classifieds
    • Place Classified Ads
    • View Current Classifieds
  • About Us
  • Contact Us
No Result
View All Result
The World Online
No Result
View All Result

Select the right insurance for your home-based business

by
July 8, 2013
in Business
0

Home-based businesses are booming.

About 36.6 million businesses operate from U.S. households, according to the Home Based Business Institute. And the Small Business Administration notes that 53 percent of all small businesses located in the U.S. are home-based, with those numbers expected to grow substantially in the near future.

But before you start planning your home-based bakery, personal training studio or computer repair venture, there’s one important thing to think about. Charles Valinotti, head of underwriting & product with insurer QBE, says that you should make sure you have the right insurance to protect your at-home enterprise.

A homeowner’s or renter’s insurance policy might provide some coverage for a business that operates out of the home, he says.

“If someone is running a small accounting business with little-to-no customer foot traffic and doesn’t have expensive office equipment, the homeowner’s or renter’s insurance would probably be acceptable to most insurance providers,” Valinotti points out. “But if you have a pottery school with customers coming and going, and are using pottery ovens that might be a fire hazard, most insurers don’t want to take on those kinds of risks.”

Depending on what type of business you’re brewing, Valinotti says there are three insurance options you’ll want to consider:

* Homeowner’s policy endorsement: An endorsement is a special provision added to an insurance policy to enhance or restrict its coverage. Adding a simple endorsement can increase coverage for business equipment, such as computers. You’ll also want to look into buying a homeowner’s liability endorsement – available in most states – to cover on-site injuries to customers or delivery people. A liability endorsement is usually available to in-home operations with few business-related visitors.

* In-home business policy: Valinotti says this policy is also known as an in-home business endorsement. Coverage can vary significantly between insurers. It provides more protection than what’s found in a typical homeowner’s policy. That includes more comprehensive property and equipment coverage, as well as protection for loss of income, extra expenses incurred, and liability for injuries caused by the products and services you offer.

* Business owner’s policy: If your home-based business is in more than one location, this policy might fit the bill, Valinotti says. It gives broader property and liability coverage than the in-home business policy. However, if you have employees, it doesn’t include workers’ compensation, health or disability insurance.

Valinotti also suggests you don’t forget about auto insurance if you’re using your car for business to transport supplies or products, or to visit customers.

He recommends contacting your agent for more information on the right insurance for your home-based business. “If you’re doing business at home, you need insurance. Finding the right coverage will go a long way to give you peace of mind and help make your special business possible.”

Tags: businesshomebasedinsurancerightSelect
Previous Post

Surprising ways older drivers can stay safer on the road

Next Post

Productivity-boosting improvements for your home office

Next Post

Productivity-boosting improvements for your home office

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This Week’s Ads

  • Home
  • About Us
  • Disclaimer
  • Privacy
  • Sitemap
The World
403 US Route 302
Barre, VT 05641
Phone: (802) 479-2582

Copyright © 2019 The World Online. All Rights Reserved. Powered by CoolerAds.

No Result
View All Result
  • Art Exhibits
  • Audit and Reader Surveys
  • Births
  • Calendar
  • Contact Us
  • Daily Horoscope
  • Fall Guide
  • Food & Recipe
  • Home
  • Obituaries
  • Ongoing Events
  • Pay Your Bill Here
  • Senior Living Edition
  • Showtimes
  • Submit Birth Announcement
  • Submit Calendar Listing for Non-Profit Events
  • Submit Engagement Announcement
  • Submit Listing to our Local Directory
  • Submit Sports News/Photo
  • Submit Wedding Announcement
  • Testimonials
  • The World Coupons
  • Weather Forecast
  • World Deadlines
  • World Distribution Map
  • World Rate Card
  • World Rates and Ad Sizes
  • Disclaimer
  • Privacy
  • Sitemap
  • About Us
  • Vermont Lottery
  • Advertising Information
  • The World Staff
  • Advertising Inquiry
  • Submit Letter To The Editor
  • Local Directory
  • Poll Results
  • Local Deals
  • Classifieds
  • Submit An Article To The World
  • Events
  • The World – This Week’s Online Digital Edition
  • The World Auto & Sports

Copyright © 2019 The World Online. All Rights Reserved. Powered by CoolerAds.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In