home businessDo you want to start a home-based business? Having a home business of your own is a good way to make a living. Keep in mind that it there are risks involved. Most home-based businesses do not have the same risks as other businesses, including buildings, employees, production machinery, and a fleet of vehicles. However, home-based businesses do have many risks that need to be considered. Do Some Pre Planning
  • Check with your local zoning to see if home-based businesses are allowed
  • If you are planning on having customers visit your home, you may need special permits.
Home Based Business Risks Can Include
  • Product liability
  • Professional Liability
  • Injury or damage to customers
  • Auto accidents
  • Disability
  • Cyber breach
  • Property loss and damage
  • Crime and dishonesty
  • Cyber liability
  • Web page copyright liability
  • Employees or contractor’s issues
The key is to understand what these risks are so you can take the necessary actions to make sure that your business is protected. It’s important to carry the right commercial insurance to protect your business in case of an unforeseen event. Hire a reputable insurance provider to help you assess the potential risks and determine which types of policies meet your business needs. As an independent insurance agency we are affiliated with multiple industry-leading companies. It is these partnerships that allow us to provide our clients with better coverage at a competitive price. Our staff is knowledgeable and committed to providing a quality customer service experience to our valued clients. We are prepared to help you manage all your business risks. No matter how well your business might be doing, disaster can strike and turn your streak of good luck into quagmire of misery and frustration. J.S. Edwards & Sherlock Insurance Agency offers a variety of business insurance policies to protect your business as well as your peace of mind. No matter how small or large, new or longstanding your business is, you never know what the next day will bring or how much it might cost. Sources: Forbes, Insurance business