Business Insurance and Working from Home

If you’re self employed and working from home, do you know what level of business insurance cover you need, if any? Cheap business insurance may seem like an unnecessary expense when you’re just starting out, but it can more than pay for itself if you need to make a claim. By the time you’ve finished reading this article, you’ll know more about what circumstances may require you to get business insurance to protect your home based business. What equipment do you use? If you have a job working as a freelance writer from home and just use your own computer for work, then you may not need business insurance. However, you may need to get quotes for self employed insurance if you have any expensive items of machinery such as a high value digital printer for commercial use. Do clients or suppliers visit you at home? You will need public liability insurance if you have people visiting your home premises on business. This is because they may have an accident on your property and without insurance you leave yourself open to claims. For example, say someone gets electrocuted in your home using machinery you own, you could be held responsible for any subsequent injury or loss of income if you don’t have liability insurance in place. Informing your home insurer If you plan to start your own business working from home, you should speak to your home insurance company to see if they want you to take out separate self employed insurance. If something drastic was to go wrong in your home as a result of your business activity, your home insurance company will investigate and may not pay out if you haven’t told them what you’re doing. Do you store any stock for your business at home? When you’re getting business insurance quotes you’ll need to make sure you remember to include any stock which is held at your address. Equally, if you store cash from your business at home, you’ll want to ensure that’s covered too; not just in your home but also in transit from your home to the bank. Cheap business insurance can give you peace of mind if you’re self employed and working from home. Self employed insurance doesn’t have to break the bank and can protect you and your business if something goes wrong. You may also want to think about getting business insurance quotes to protect your income if you get ill or have an accident.









The Co-operative insurance provides business insurance for thousands of UK companies from self employed people to limited companies.