Running a business from the comfort of your home is a dream come true for many entrepreneurs. Whether you’re a freelance writer, an online retailer, or a consultant, home-based businesses offer flexibility, convenience, and lower overhead costs.
However, there’s a common misconception that your homeowner’s insurance policy will protect your business activities and assets. The reality? It often doesn’t. That’s where home based business insurance comes in.
At John E. Peakes Insurance Agency, we help Southern California business owners understand their risks and secure the right coverage. Continue reading to explore why standard homeowners insurance is rarely enough, what home-based business insurance covers, and how to decide if you need extra protection.
Your homeowners policy protects your personal property and liability, not your business operations. Most standard policies:
This means if your business equipment is stolen, a client is injured on your property, or a fire shuts down your operations, you could be left unprotected.
Home based business insurance is a set of policies designed specifically for people who run businesses out of their homes. It fills the gaps left by homeowners insurance and can be tailored to the unique risks of your business.
Covers business equipment, inventory, and supplies that may not be fully protected by your homeowners policy.
Protects you if someone is injured on your property during a business-related visit or if your products/services cause harm.
Replaces lost income if you’re unable to operate due to a covered event like a fire or natural disaster.
Essential for consultants, freelancers, and service providers—covers claims of negligence or mistakes in your work.
Important if you sell products—covers claims related to product defects or injuries.
If you answer “yes” to any of the following, you likely need extra coverage:
Even if your business is small, a single accident or lawsuit could cost far more than the price of insurance. Protecting your livelihood is simply smart business.
Depending on your needs, you have several options:
A simple add-on to your existing homeowners policy that increases coverage for business property. Best for very small, low-risk businesses.
A more comprehensive policy that covers business property, liability, and sometimes lost income. Ideal for businesses with moderate risk or client interaction.
A package policy that combines property, liability, and business interruption insurance. Great for larger home-based businesses or those with employees.
Every business is unique, and so are its risks. At John E. Peakes Insurance Agency, we take the time to understand your specific needs and shop multiple carriers to find the best fit. Our experienced team will help you:
Don’t let “what-ifs” keep you up at night. Let us do the shopping for you, so you can focus on growing your business with peace of mind.
Home-based businesses are booming, but so are the risks they face. Don’t assume your homeowners insurance has you covered—most likely, it doesn’t. Investing in home based business insurance is a smart, affordable way to protect your assets, reputation, and income. Ready to learn more? Contact John E. Peakes Insurance Agency for a free quote and expert advice tailored to your business.
Standard home based business insurance may not cover incidents that occur off your property. You may need additional commercial general liability or business auto insurance for off-site activities.
In most cases, the premiums you pay for business insurance are tax-deductible as a business expense. Always consult your tax advisor for details.
If you have employees, you may be legally required to carry workers’ compensation insurance, even for a home-based business.
Not automatically. You may need to add a separate cyber liability policy to protect against data breaches, hacking, or loss of sensitive information.
Protect your business and your mental peace. Call John E. Peakes Insurance Agency today for your free home-based business insurance quote. You can also call us directly at 1-800-800-5199.
