Work At Home Based Business
What do Apple Computer, Hershey’s, Mary Kay Cosmetics, and the Ford Motor Company have in common? While your specific business may not require all types of insurance described below, it’s important to understand your potential risks and your insurance options. Photography Business Earn $200+ Per Day Taking Simple Digital Photos Of Real Estate, Cars, Trucks, Boats, Etc.
Remember, home based businesses offer you flexibility in working, give you the means to make money from home but demand your time in return. You need to learn how to talk about your business positively and get others interested in what you are trying to sell.
If you’re using your vehicle to conduct business, you may want to consider a higher liability limit so that coverage protects both your business and personal assets if you are sued due to an accident. In order to ensure that your line will be free when customers call, you’ll have to get a dedicated phone line for business use.
More than half of the businesses in the United States are based out of the owner’s home, with more being added every year, according to research by the Small Business Administration. Many home-based business owners are surprised to learn that their homeowners policies often don’t cover third-party injury claims related to their work.
Home-based business owners may qualify for two health options – group health insurance (typically, if they have at least two or more employees) or individual health insurance. Check with your state insurance department to see what is required for your small business.