Commerce, GA, can be an ideal place to start a home-based business. The town is family-friendly, has excellent public schools, is relatively safe, and has a reasonable cost of living. However, prospective home-based business owners should keep in mind that a standard home insurance policy designed for residential use won’t meet all the needs of a home business.

Home Insurance: What Is and Isn’t Covered

Home insurance typically covers your home’s structure, appliances, and personal belongings. It may also extend coverage to outdoor structures such as decks, pools, or garages. Additionally, if a covered peril damages your home, the policy will cover the cost of temporarily relocating while repairs are underway.

While home insurance may cover personal belongings and appliances used for your home-based business, it does not cover business inventory or assets. Moreover, home insurance does not provide business interruption coverage, which compensates for lost income due to a disaster.

What Forms of Coverage Does a Home-Based Business Need?

The types of commercial coverage required will depend on the size and industry of your business. If you store business assets and inventory at home, you’ll need specific coverage for these items. If you’re concerned about loss of income after a disaster, business interruption coverage is essential. Additionally, home-based businesses that sell products online should consider liability coverage to protect against claims.

Hyman Brown Insurance Agency Inc. can help you evaluate your coverage needs and explore options to find policies tailored to your home-based business. Our team specializes in assisting business owners in and around Commerce, GA, offering expert advice, policy options, and insurance bundles to ensure you have the reliable coverage your business deserves. Contact Hyman Brown Insurance Agency Inc. today for more information or to request a price quote.