Have you started a small business that you run from your living room?  Maybe you are a photographer, or pet groomer. What about cosmetic sales? Do you know what coverages are needed even for the small picture framing business? Most homeowners companies will not cover a loss for the business materials that you have on site for your small business. Some insurance companies might even drop your policy all together if they knew about the taxidermy company that you are running. There are some options for your company that can be affordable, depending on the business you have decided to start.

 What do I need??

General Liability Insurance (GL) is the most common type of policy that is needed. It covers legal costs and damages if you are sued or someone is hurt on your property. Or if someone is hurt from using your product. Of course this does not cover Profesional Liability which is coverage for bad advice or slander.

Business Owners Policy (BOP) is a policy with multi levels of coverage. It combines liability with property and interruption coverage.  Which will certainly help in a loss. Since the homeowners coverage will not cover property that is specifically purchases for the business. This coverage would be included as the Business Personal Property. Interruption coverage is the loss of profits while the building is being rebuilt, such as after a fire.

No matter the business there is certainly a need for there to be coverage. Here at AnCap we can help you find the right amount of coverage for your business. Give us a call and we can get you a quote.

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