Find out if your home-based business has the right commercial insurance in Los Angeles, California.
If you own a home business, you probably already have a homeowners insurance policy in place. However, a standard home insurance policy will not provide coverage for many aspects of your business. Not sure if your home-based business needs commercial insurance in Los Angeles, California? Here is some information that will help you determine your business’s coverage needs.
What does my home insurance cover?
A standard home insurance covers your home, your belongings (furniture, clothing, electronics, etc.), and your personal liability. Here are some examples of home insurance at work. If your home was damaged during a heavy rainstorm, then your home insurance policy would cover this damage. Additionally, if items inside your home were damaged during this rainstorm, then your insurance would cover them as well. Finally, if you accidentally caused damaged to a neighbor’s home and they took legal action against you, then your insurance would cover your legal fees.
Is home insurance enough?
If you are running a business out of your home, then home insurance doesn’t necessarily provide enough coverage. For example, if you have business equipment or supplies in your home, then your home policy probably won’t cover it. Even business documents that are kept in your home may not be covered by your home insurance. Finally, if you have employees or customers coming to your home, then your home insurance will not cover them if they are injured on your property.
How can I get additional coverage?
If you think that your business needs additional coverage, then there are several ways to address this issue. For instance, you might be able to add an endorsement (also known as a policy rider) to your home insurance policy. Additionally, adding another liability policy could also help you cover your business’s liability risks. Other coverage options include getting an in-home business policy, errors and omissions (E&O) insurance, or a business owners policy (BOP).
Use this information to help you get the insurance coverage your home business needs. To find the right commercial insurance in Los Angeles, California, contact
the experts at Fuller Insurance Agency
. Located in Southern California, our professionals are ready to assist you with all your insurance needs.