Today, more and more people are starting their own home-based businesses. Often the dream of being your own boss starts as a sideline to their regular full-time occupation.
Creating your own business can be exciting and scary. There is so much to think about. I’m pretty sure the majority of people don’t think about their home insurance and how their business can affect it. You absolutely must advise your insurance company or insurance broker of any changes in your situation that could impact your home insurance coverage. You may not realize how running a small business out of your home could possibly result in an insurance claim, but it does and failing to inform your insurance company or broker that you are running a business out of your home could cause any home insurance claim to be rejected.