Here is an excerpt from a new blog post at GreggMarcus.com:
Many entrepreneurs working in home based businesses fail to think
about insuring their business the way that they would insure their own
home. This can prose a huge issue, for they are leaving themselves
susceptible to dangerous situations and are unknowingly risking the
successes of their new business. In this article, Long Island Insurance Executive Gregg S. Marcus seeks to advise entrepreneurs to insure their businesses.
The common misconception among the owners of home based businesses is
that their homeowner’s insurance will cover any damages caused by their
business. This is oftentimes false. Just because the business takes
place in one’s own home does not mean that the entrepreneur will be
protected from business-related incidents. For example, an entrepreneur
selling graphic art that he produces would generally have thousands of
dollars worth of computer equipment lying around in his or her home.
Due to the fact that the artist does business from his home, he is
putting himself at risk of theft from potential customers. This case
scenario may not be covered by standard homeowner’s insurance. Also, if
one’s customer is injured in the process of using the entrepreneur’s
product, they risk being held legally responsible. For this reason,
insuring your business, especially when home based, is extremely
important to cover the unexpected.
To view this post in its entirety, click here to visit the Gregg S. Marcus official website.
