Does your home business insurance Brisbane cover everything you need it to?
Many entrepreneurs assume that their home and contents insurance is enough to cover operating their home business, but this may not be the case.
To talk to an experienced Insurance Web broker about the best insurance for your small business – whether you work from home or lease a commercial property, call us today on 1300 956 233 or submit an online enquiry here.
Does your home insurance provide adequate cover for your business?
There are three questions you need to ask to determine if additional insurance cover is required for your home business:
- What kind of insurance do you have?
Does your current insurance policy cover running a business from your home? Some insurer’s flat out refuse to provide cover to small business owners working from home, while others have policies that do.. So, make sure you read the fine print or check with your insurance company.
Whether you can get cover may also depend on the type of business or industry you operate in, some will allow IT or Marketing companies but won’t provide cover for retail businesses, for example where stock is stored in your garage and comes with additional fire risks.
- Is the equipment used for earning an income covered?
Sometimes a home & contents insurance policy will cover the equipment you use to earn a living, while other home & contents policies limit or are very specific about the type of office equipment such as computers and printers – that can be insured.
Make sure that your policy covers you for all the things you need to be able to do your job, so that should the unthinkable happen, your livelihood and ability to earn an income won’t be affected.
- Does anyone come to meet you at your home?
Having clients meet you at your home to conduct business can open a can of worms for your home & contents insurance legal liability cover section.
Standard home insurance policies tend to cover having friends and family visit your home, but if clients come to your home for meetings, you may not actually be protected against any potential liability claims. Once again, pay close attention to your insurance policy fine print or speak to an experienced insurance broker such as Insurance Web to ensure you have the right cover in place.
Insurance for Home Business Brisbane
If your insurance falls short of covering the questions outlined above, don’t stress. Although it may seem overwhelming, many insurance providers will offer an extension to your policy, rather than requiring you to take out a whole new one.
Insurance Web can take the stress out of this process for you, as your local insurance broker, and a small business ourselves, we sure you get the cover you need, and nothing you don’t.
We’ll perform an in-depth needs analysis to determine the best cover for you and we’ll negotiate with insurance providers to make sure you’re getting the best deal. And we’ll be there to help you through the process if you ever need to make a claim.
Home Business Insurance Brisbane
For more advice about how you can protect your home business, read more on our blog about business continuity plans, public liability and professional indemnity insurance.
If you think you may need to update your small business insurance, Insurance Web can help you. Call us today on 1300 800 091.
Insurance Web is your local insurance expert. Known for our simple processes, cost-efficiency and trustworthy staff, we’ll help you get the right business insurance cover so you can trade confidently and securely right now!