Home-Based Businesses: Making Sure You are Protected
Taken from ErieSense.com
The rise of the personal computer and the large number of jobs lost during the recession drove many Americans to set up shop in their homes. Today, the U.S. Small Business Administration reports that home-based businesses now account for half of all businesses in the United States.
Yet many new home-based business owners forget to buy one very important thing: insurance.
A 2004 study commissioned by the Independent Insurance Agents & Brokers of America revealed that nearly 60 percent of home-based business owners didn’t have enough insurance to protect their businesses.
“When people are working out of their house, they think ‘Well, I have homeowners coverage,” says Terry McConnell, vice president, Personal Lines Underwriting. “But the homeowners policy hardly ever covers the business."
Do you know what your homeowner's insurance will cover? Contact Morris Insurance Services today and make sure your home and your business is protected.