Home 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.
References in periodicals archive ?
Said Jazz: "We urge anyone looKing to operate as a business from home to organise home business insurance from the start.
The Hartford, which has been AARP's exclusive carrier since 1984, offers personal insurance products to AARP members, including auto, homeowners, renters and home business insurance.
The cost of home business insurance varies according to the type and the amount of coverage you need, the kind of business you operate and your geographic location.
The center provides auto, homeowners and home business insurance to the company's AARP customers in 15 Midwestern states.
Scheduled to open in July 1999, the new customer service and sales center will be part of The Hartford's Personal Lines Insurance Center (PLIC) which sells auto, homeowners and home business insurance to members of AARP.
ITT Hartford Group has just introduced the Home Business Insurance Program, a new policy that is purchased with or added to a Hartford homeowners policy, affording coordinated, reasonably priced protection for owners of most home-based businesses.
The Home Business Insurance program protects against damage or theft of business personal property; protects other people's property in the insured's care; provides reimbursement for loss of income, ongoing operating expenses and payroll reimbursement when a disaster stops business activities; and covers loss of valuable papers and records, including accounts receivable.
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