Home Business Insurance(redirected from Home Based Business Insurance)
Home Business Insurance
An insurance policy that provides coverage for losses to a business run from home. For example, home business insurance may pay to replace computers, inventory and other items lost in a home accident such as a fire. Home business insurance is important because homeowners insurance does not cover most home business losses (and, in Canada, a home business can invalidate one's homeowners insurance). As with all insurance, one must pay a premium for the coverage. See also: Home office deduction.