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December 29, 2023
Facil Insurance

Home Insurance With Home-based Businesses

Running a business out of your home may be convenient, but it can also come with a significant risk that a homeowners insurance policy won’t typically cover. Instead, people who run businesses out of their homes should consider additional insurance coverage. Without adequate insurance, a home-based business owner would have to pay for costly incidents out of pocket. 

Do I Need Separate Insurance for a Home-based Business? 

Types of at-home businesses can vary greatly, which means their insurance needs will also be different. Home-based business owners can consider the following insurance options: 

  • A homeowners policy endorsement is potentially the easiest and most cost-effective solution. It supplements your existing homeowners policy, potentially suitable for businesses that don’t involve manufacturing goods and are small or solo operations. 
  • An in-home business policy puts home and business insurance together in one plan. This policy is ideal for businesses that meet with clients, possess equipment and generate output.  
  • A business owners policy is the most comprehensive option. This option provides coverage for various types of liability and property coverage. A home-based business may need to fulfill specific prerequisites to be eligible for this type of policy. 

Speak with your insurance agent for help assessing your business insurance needs. 

Types of Home-Based Businesses That Need Insurance 

If your home serves as the base for any of the following business types, you may want to consider a business insurance policy: 

  • E-commerce store—Business insurance offers potential coverage for inventory in case of a covered incident. 
  • Photography—Whether operating from home or on-site for a shoot, business insurance can safeguard expensive photography equipment. 
  • Freelance writing or marketing—Business insurance may include equipment protection and business interruption coverage for events covered by the policy. 
  • Bakery—Business insurance may extend coverage to equipment, inventory and liability.  

These are just a few examples of at-home businesses. It’s important to note that different business characteristics may impact the types of coverage an insurer will recommend. These considerations may include the industry or type of business, number of employees (if any), claims history and annual revenue. 

Insurance for Home-Based Businesses in Phoenix, AZ 

Contact Fácil Insurance today to discuss your situation with our team and determine the best coverage for your home and business. We can ensure you have an all-encompassing insurance policy so you can confidently operate your 

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information. 



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