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n this growing age of technology, the ability to work from home with your own home business is becoming a reality for more and more people each day. The latest statistics report that over 43 million home businesses are in operation today.

In the corporate world, many people just pay a portion of their pay into a benefits package that protects them from harm in case of needing hospital care. Most employees do not have to worry about protecting the supplies they use as they are company property. When you decide to start a home business, there are many things you need to think about.

One of the many items you as a home business owner must plan for when deciding to work from home is to obtain the right home business insurance coverage that will protect all of your assets to the maximum value you can achieve. Many home business owners make the mistake of thinking that the average home insurance policy will protect their business assets. There are several things to consider when deciding on the right work at home business insurance coverage specific for you.

There are a few types of insurance packages available to you. Most of these options can be added to your main home insurance package that you may already possess.

Depending on what type of business you run, you may need to secure a special computer coverage endorsement, or money and crime insurance coverage. These types of endorsements can be covered in what is known as a “Business Pursuit’s Endorsement”.

You will also need to review your business records to find that you need liability endorsement coverage, health coverage, or business equipment insurance. Many of these types of business insurance add-ons you can obtain for only a few dollars extra a month.

The basic insurance protection needed for a work at home business insurance coverage is property and liability. If you are using 50 percent or more of your home for your business, you will need to also look into another package option called the “Permitted Incidental Occupancies Endorsement”.

This endorsement protects if you are using a shed, detached garage or any other structure that is used to store or contain business items. This will eliminate problems pertaining to business conducted on the residence premises.

One of the downfalls to these two types of endorsement options are that the coverage is limited solely to premise’s liability. This means that if you have any issues while delivering goods to a customer, with your product or inventory itself, conducting business meetings at a local place such as a restaurant, picking up a manuscript from your author, or any other similar circumstances, you will not be covered.

One of the most important aspects to running your own business from home is to ensure that you stay fully protected in order to stay in business for a long time. The best solution to this dilemma that work at home business owners may face, is to get a commercial business owners property and business liability policy, or one of the new “Home Business Insurance Coverage” packages. Although these packages range from $150 and up there are options for standalone policies available. You can then rest assured after discussing all your needs with a reliable insurance agent, that you will have all of the protection you need with your work at home business insurance coverage.

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