February 27, 2011 19:01 ET

Homeowners Urged to Ensure They have Sufficient Cover as Working from Home Increases

MANCHESTER, UNITED KINGDOM--(Marketwire - Feb. 27, 2011) - Spare rooms up and down the country are being turned into offices, as new research from Swinton Home Insurance reveals that increasing numbers of people are launching businesses from home.

An online survey of 1,200 customers revealed that one in five homeowners is now considering working from home for themselves and starting a new venture, due to recent job cuts or the fact that they are unable to secure a position in their chosen field due to the current state of the UK job market. A worrying 37% of respondents admitted that they expect to have to consider working from home at some point in the next year, due to the ongoing threat of redundancies, although 22% of respondents admit that working from home would be ideal situation for them, enabling them to combine their home life commitments with work.

The results support a survey released by JobCentre Plus this week, which states that redundancies are set to rise sharply in the next few months as public sector cuts continue to bite.

Swinton is urging prospective home workers to check with their home insurance provider to confirm they are covered if they decide to launch a business from the comfort of their home, especially if they are considering bringing in new equipment or employing additional staff to work on their premises.

Steve Chelton, Insurance Development Manager at Swinton, said:" It is essential that anyone considering working from home alerts their policy provider and makes sure any additional items of work equipment such as computers, phones, fax machines etc are added to their existing cover. Standard contents insurance covers the policyholder and their immediate family that resides with them, however if an employee is joining the household during the day, it is important to alert your insurer immediately."

About Swinton

  • With 603 branches nationwide Swinton is the UK's largest high street insurance retailer
  • Unlike many other companies in the financial services industry, Swinton is committed to keeping its branches open for business, and part of the community
  • Swinton provides a one-stop-shop for the insurance and related needs of its clients, offering home, car, caravan, business, holiday, motorbike and even classic car insurance
  • With a dedicated team of advisors on hand at every branch to search a panel of insurers to offer quality cover at competitive rates

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