What Commercial Insurance Do You Need for a Home Business?

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. 

Unexpected Coverage Options You Might Want to Consider for Your Home Insurance

Most home insurance policies cover standard things like fires, break-ins, and falling trees. But there are some unexpected coverage options that you might want to consider as well —  most of which depend on where you live and how you live your life.

1. Volcanoes and earthquakes

Unless and you live in Hawaii, you probably don’t have to worry about volcanoes but remember that earthquake coverage is not covered under most traditional home insurance policies.

2. Identity theft

With increases in cybercrime around the globe, identity theft is becoming more common than ever, and it’s a good idea to make sure that you are covered. Identity theft can lead to loss of wages, a faulty credit report, huge loss of finances, a criminal record that is not actually yours, and huge legal fees and time spent dealing with the problem.

3. Dog Bites

If you have a dog, be cognizant that — depending on their size and breed — they may be able to do serious damage to someone in the event of an attack or scuffle. If this is the case, medical bills may go into the thousands, and you will want to make sure that you have coverage to take care of this.

4. Other coverage options

  • Home upgrades required by law
  • Spoiled food
  • Your kid’s things while they are at college
  • Flooding, in certain situations
  • Tombstones
  • Gazebos, patios, and sheds
  • Riots

Contact Alliance Insurance Partners

Scottsdale, AZ residents who are interested in purchasing a new home insurance plan or modifying an existing policy are in luck! Alliance Insurance Partners serve the residents of Scottsdale, AZ, and 28 other states, and we would love to sit down with you and take a look at your options. To learn more about the home insurance plans that we have, and to find a plan that fits your unique needs, give us a call or stop by our nearest location.