If you run a home business, protecting yourself, your employees, and your business with the right insurance policies is important. AW Burchell Agency Inc. is here to explain the insurance policies for home businesses in Pennsylvania and New York.
Types of Insurance For Your Home Business
General Liability Insurance
This policy covers legal responsibility for bodily injury and property damage caused by your business operations. It also covers personal injury like libel and slander. This policy can help pay for medical bills, court costs, settlements, and other damages related to lawsuits from injuries or damages caused by your business activities.
Property insurance is important for any home-based business owner because it helps cover losses due to theft, vandalism, fire, and other events that could cause damage to the building or its contents.
Workers’ Compensation Insurance
If you employ people in your home-based business, you must carry workers’ compensation insurance to protect you and them in case of an on-the-job injury or illness. This type of policy benefits an employee who is injured while performing duties related to their job at your place of business.
Business Interruption Insurance
Business interruption insurance helps protect businesses from potential income losses due to unexpected events such as fires or natural disasters that temporarily prevent operations from continuing as usual. Depending on the specifics of the policy, this coverage may pay out benefits based on fixed expenses (such as rent) plus estimated profits that were lost during the period when your operations were affected by the event.
Give Us A Call
Home businesses in Pennsylvania and New York require several types of specialized insurance policies to operate safely and securely. Contact AW Burchell Agency Inc. today, and we can help you get your business needs covered.