If you run a business, you probably already know that no two businesses are alike. An online jewelry business or web design service based in your home won't have the same needs (or hazards) as a food truck or florist shop. From homebased enterprises to businesses run out of a vehicle or a brick-and-mortar location, each has different needs for protecting everything you've built from the ground up.
That's why insurance matters: Making sure you have a sound insurance plan to safeguard your specific business helps you continue to thrive, even when things don't go according to plan.
How to find the right insurance to protect your business It's vital to know what kind of insurance your business needs. While it's best to talk to an insurance agent about your unique needs as a business owner, here are important questions to get you started: Is your business based in your home?
If so, you may think your homeowners insurance has you covered - but it probably doesn't. Your homeowners insurance may have a limit of only a couple thousand dollars for equipment or merchandise used at home for your business in case of fire or theft, for example. Fortunately, you can either: add a homeowners policy endorsement to your existing coverage, or get a State Farm business insurance policy to cover your homebased business. A homeowners policy endorsement may work for your business if you: · Have less than $4, 999