Click to CallMost people think of adding extra coverage to their home or car. They might even increase the payout cap on their life, health or vision, and dental insurance.
Not everyone thinks about their business assets, though. One reason is that they may work at home instead of in an external office. They might not realize that some of their business use isn’t even covered under their homeowner’s policy.
Common Insurance Issues To Resolve
Having your business office inside your home complicates matters when making a claim. It’s tough to separate the commercial from the personal if you work where you live. Either way, umbrella insurance fills that gap, just in case.
If your business office is separate from your living space, you have other issues to consider. For instance, what if you want to hire employees? You will have to consider their needs as well as yours.
For instance, certain industries, such as mining or manufacturing, pose a higher risk than an office worker. Depending on the danger of your employees’ duties, Carr Insurance Group recommends you offer more than the minimum workers’ compensation offered in Maryville, TN.
Umbrella insurance for your business also may save you from going bankrupt after a libel lawsuit. Property damage, injury, or accidents added beyond your current coverage could also threaten your financial future. That’s another case in point for choosing supplemental coverage.
Take the Guesswork Out of Buying Insurance.
You may still have more questions than answers. Please get in touch with a Carr Insurance Group agent in Maryville, TN, today.
