Does My NJ Homeowners Insurance Cover My Home-based Business?

Man working on multiple computers on desk

Does My NJ Homeowners Insurance Cover My Home-based Business?

Did you know that there are about 18 million home-based businesses in the United States? If you are reading this, chances are you one of them! It’s no secret that many home-based businesses
don’t have enough NJ Business Insurance coverage simply because they don’t know it!

This is because many home-based business believe they’re covered by their NJ homeowners insurance. What they fail to realize is that most homeowners policies limit loss of
business property to $2,500, don’t cover losses away from the home, and
exclude liability coverage for business-related activity. Think you will be okay without it?  I wouldn’t take that bet if you parallel the following situations to your own business.

  • A graphic designer owning $20,000 in computer equipment and software in their home. (Property)
  • A sales representatives taking a laptop and cell phone on the road to meet with customers. (Property)
  • A client slipping and fall during an appointment at a home-based business service. (Liability)
  • A home-based manufacturer being held liable if his or her product injured someone. (Liability)

If you are a home-based business owner, if you must consider these two types of NJ business insurance: liability and property damage!

Liability Insurance will protect you
against someone getting injured on your premises or by one of your
products. Property damage will protect you against damage from many many things, from beepers to cell-phones.

Call one of our agents today, and find how you can protect your home-based business with the proper coverage!

For Insurance in New Jersey, American Insurance Services Agency is
your Insurance Agent of choice. We offer affordable NJ auto, business
and home insurance coverage and policies.Contact us today online or by calling (732)  680-4444