companies differ considerably in the types of
business operations they will cover under the
various options they offer. It is wise to shop
around for coverage options as well as price.
Regardless of the type of policy you choose, if
you're a professional working out of your home, you
need professional liability insurance. Some types of
in-home businesses, such as those that make or sell
food products or sell home-made personal care
products, may have to purchase special policies.
business policies generally include broader
liability insurance for higher amounts of coverage.
They may offer protection against lawsuits for
injuries caused by the products or services you
offer, for example.
as you need insurance, for your home business, you
also should incorporate your business. If you do not
- a customer can sue you in court, and all of your
personal assets (home, bank accounts, etc) are
subject to being seized. If you incorporate your
business, it will protect you. Most small and home
businesses incorporate as an LLC.
here to visit BizFilings.com, which offers free
information about incorporation.