Why Your Home Business Needs Commercial Insurance

September 30, 2021

There are more than 31 million small businesses in the United States. Just about half of them are home-based businesses, making the figure 15 million home businesses. It is a popular choice. Start-up costs are much more affordable with a home business, making them an attractive option. You may feel that since your business is in your home, you can get away without commercial insurance. That is a mistake. At Align Insurance Group in Spanish Fort, AL,  we are an independent agency that promises to put our customer’s interests first. 

Home insurance is not designed to protect a home business. The contents coverage will not protect your business’s interests in the same way that commercial property insurance will. It may give you very limited coverage, but that won’t be enough to keep your business operational if you are hit by a covered hazard. Home insurance won’t cover inventory or business machinery. 

The biggest area where you may get into trouble with not having commercial insurance is with liability coverage. Your home insurance won’t cover injuries to people who are visiting your home for business reasons. You also need liability protection from clients, vendors, and even employees. None of these will be covered by home liability protection and you could even lose your home insurance coverage because of it. 

If you are using a vehicle for business, you need to have commercial insurance on it. Personal auto insurance doesn’t cover the business use of your vehicle. It is always a good idea to keep your personal finances separate from your business finances. 

Your home insurance offers plenty of personal coverage, especially if you have updated coverage, but it is not designed to provide the business coverage that a home business requires. 

Contact Align Insurance Group in Spanish Fort, AL when you are ready to discuss your commercial insurance and your home business. 

26041 Predazzer Ln Suite C,
Daphne, AL 36526

We are providing reliable policies that protect the Alabama & Florida Gulf coast.

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