Many small business owners operate out of their home. They believe, correctly, that the homeowners policy covers their business related items as well. It does, but there are some pretty strict limitations in most policies. Typically, business personal property (stuff you use for your business) is limited to $2,500 while it’s on your premises and only $500 when it’s away from your home. That’s not a lot of coverage, considering your business laptop or tablet probably cost considerably more than $500.
What to do? Some insurance companies will allow you to increase this limit by endorsing (changing) the policy to have higher limits. Other possible ways would be to purchase a Businessowners policy (BOP), a business property policy or possibly an EDP or inland marine policy.
The best option depends on what kind of business you are operating and who your current homeowners company is. We can help you sort all of this out and make sure your business items are properly covered.
About David Dempsey Insurance Agency
Founded in 1984 by David Dempsey, David Dempsey Insurance Agency serves Rome, GA, Floyd County Georgia, metro Atlanta and surrounding area. Focusing on insurance for families and individuals, we don't provide quotes - we provide auto and home solutions for our fellow community members. We also specialize in insuring retail businesses, restaurants, health clubs and child care / home care centers.