It refers to any business whose primary office is situated in the owner’s home. They operate their business in the same premises where they live in.
Some examples are:
Advantages and Disadvantages
Most online business and starters choose this method because of its advantages. It is profitable, convenient, and gives you more time to spend with your family. Although there might be downsides that may be couple with your business’s independence.
With home-based business, you have to be aware of the risks that are threatening your success.
Unlike in regular business setting, you have to provide yourself with safety measures and policies to fallback on. You have to get a separate policy. Your Home Insurance may deny liability claims because the damage corresponds to business claims. In an unexpected tragic event, having no sufficient coverage may be putting yourself and your business in peril.
Business Owners Policy
As the proud owner of your home-based business, it is your responsibility to instate safety and security measures and policy for your business. You must install safeguards to protect your assets from unforeseen liabilities like: property damage, injury, accidents, lawsuits and so much more.
Business Owners Policy, of BOP, is capable of tailoring coverage packages to fit the unique requirements of your business. It combines various coverages into one policy to protect the assets of small to medium size business.
BOP provides a wide net of coverage to protect your business and its assets. This policy can be customized to suit the requirements of your business. Here are some of the common coverage, to give you a better understanding about BOP:
It is for you to decide on how to shape the future of your business. Work with confidence and peace of mind. Make BOP a vital part of your business. Choose the best insurance provider. At Mauser & Tobin Co., Inc., we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. To learn more about how we can help you, please contact our agency at (516) 747-0171 or CLICK HERE to request a free quote.