The Co-operators

The Co-operators

July 30, 2012 09:00 ET

Insuring Your Home Business

GUELPH, ONTARIO--(Marketwire - July 30, 2012) - Entrepreneurship has been celebrated and admired throughout history. More often than not, such ventures have had humble beginnings, starting off in their homes. Not much has changed since then, but something to keep in mind is to never assume that just because your small business is being run out of your home that your insurance policy will protect you. When considering a home business insurance policy there are four general areas of coverage that can help protect you and your property in case of loss: legal liability, physical assets, loss of money, and business continuation expenses.

If anyone, from a messenger to a customer, is hurt on your property while conducting anything related to your business, your home insurance policy may not cover it. That's where legal liability coverage comes in to play. It insures a business against accidents and injury occurring on the premises, including any legal expense you might incur regardless who's at fault.

When it comes to running a business, the items in your office are the cogs that keep it going. Unfortunately, it is likely that your home insurance policy will not provide protection against damage or theft to these items. By having a home business insurance policy it means all your assets are covered as you need them to be including crime, physical damage and even extensions to your auto policy

Running a business can have its ups and downs. When unexpected costs arise due to an insurable loss the business continuation expenses coverage will help keep your business afloat - while you work to get your business back up!

In addition to these coverage basics, you should protect your company's most valuable asset - yourself! Protect your business from a gamut of possibilities, from injury to death with human asset protection. You can even prepare for retirement with an RRSP.

If you need to protect yourself with a business insurance policy, turn to The Co-operators who will help fulfill your home office insurance needs. For over 65 years The Co-operators has proudly been your community insurance provider, protecting Canadians with comprehensive, thorough insurance options, including: home business insurance, auto insurance, life insurance, home insurance, and travel insurance. The right type of insurance is essential to your small business, and The Co-operators can provide the protection you need!

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