If you have a home-based business in Scottsdale, AZ, it’s still important to have commercial insurance. The coverage you will need for your home business will depend on your industry or your business. An agent at Alliance Insurance Partners can help you find the right coverage.
Business Property Insurance: If you have the equipment to run your home-based business, such as a computer, printer, furniture, or fax machine, business property insurance can insure against loss or damage to property. Your homeowner’s insurance typically won’t cover your business equipment losses.
Liability Insurance: If you have a client come to your location for business, then you need liability insurance. It will protect your business and you from being liable for damages that are caused by another person or property. Your home insurance policy won’t cover claims made from visitor business. If someone making a business delivery slips and falls, then you will need liability insurance instead of homeowners insurance.
Professional Liability: Just like professionals working outside of their home, professionals working within in their home also need this insurance. If you are a consultant, then professional liability can protect you against failure to deliver claims or potential negligence claims made by clients.
Product Liability Coverage: If your business supplies or makes a product, then you need product liability coverage, which will protect your business from damages or injuries caused by a product you supplied or manufactured.
Commercial Auto Coverage: If you make or pick up deliveries or use a vehicle for business, then your personal auto policy won’t cover accidents when related to these business uses.
Other Coverage: Depending on your business, you may also need other coverage, such as commercial crime insurance, to protect against losses from fraud or other crimes.
Contact Alliance Insurance Partners, serving Scottsdale, AZ, to get a quote on commercial insurance.