Having business insurance coverage is important for protecting your livelihood and your company's finances. You need to avoid making incorrect assumptions about business insurance.
The following are six assumptions you don't want to make about business insurance.
Your home insurance can cover a business that you run out of your home.
Don't make the mistake of relying on your home insurance policy to cover business activities in your home. It's unlikely that your home insurance policy will cover you adequately for liability risks that are part of running your home-based business.
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If you want to make sure that you are doing everything you can to prevent your homeowners insurance policy from becoming canceled, you will want to make sure that you continue reading. Remember, just because you have an active home insurance policy does not mean that you cannot have your policy canceled for reasons other than non-payment. Here are some of the things you have to ensure are repaired immediately to avoid a possible termination of your policy:
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