home business insurance coverage westchester ny
  • By Allan M Block Blogging Team
  • Posted September 16, 2019

Personal Insurance Coverage May Not Cover A Home Business

Continued advances in technology make it easier for business owners to run their companies from home. With 38 million home-based businesses in the U.S.—and growing—there are many unique financial exposures. Some of the more crucial insurance gaps are created when business and personal property are intermingled; think of storing inventory alongside household goods or using a phone or computer for both personal and business activities. Where does the typical homeowners policy stop and a business owners policy begin? And how do you protect your business and personal assets?

The most common owner-occupied home insurance policy has limitations for business losses, and likewise your business policy has a limitation for personal exposures. Make sure your insurance professional knows that you have a home-based business. This will allow your agent or broker to make important coverage suggestions. You don't want to miss crucial protections, such as business income loss and property damage.

For more information or answers to your insurance questions, contact us at Allan Block Insurance Agency, https://www.allanblockinsurance.com, located in Tarrytown, NY in the heart of Westchester County, a key business district near New York City.  We write auto, home, renters, condo, co-op, personal, business, life and group insurance for clients locally and in NYC, CT, NJ, PA, MA and many other states. The Professional Agency with the Personal Touch.