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How does a business in my home affect my insurance? | Michigan home, condo, renters insurance

posted Aug 9, 2016, 11:40 AM by Jason Grubbs   [ updated Sep 14, 2016, 12:10 PM ]
With technological advances an increasing number of people are working and conducting business from their home.
Many of these people don't have proper insurance protection because of a common misconception:

They mistakenly think since their homeowners policy insures their home it will cover the business inside their home.

Don't make the mistake of assuming your home, condo, or renters insurance policy automatically provides coverage for your home based business.
Home Business - Michigan Home Insurance

The good news is if your business doesn't bring visitors to your home and you only have a modest amount of equipment and supplies you may be able to simply add coverage to your home insurance policy.

A home based business with heavier foot traffic, such as piano lessons or private yoga sessions, faces increased risks for being sued by a client or individual visiting the business.  In those types of instances a business owner's policy (BOP) may be needed.