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Insurance if you work from home

Insurance if you work from home

If you run your business from home, then you might need specific home insurance to keep your business protected.  

Tom Harrison
Content writer
2
minute read
posted 27 OCTOBER 2019

Do I need insurance for a home-based business?

You could need insurance for a home-based business if:

  • You employ one or more people
  • You have customers or clients who regularly visit your property
  • Your business activities could injure or kill a member of the public, or damage their property
  • You have stock or other items that would need replacing if they’re stolen or damaged
  • Your premises are at risk of damage from fire, flood or another type of emergency
  • You have an employee who is essential to the running of your business
  • You offer advisory services that could result in legal action being taken against you
  • You have clients whose money you rely on for the running of your company

What type of insurance should I consider for my home business?

Every business is different, so you need to make sure you get the right cover for you. Here’s a range of policies you might need:

  • Employers’ liability coverage: If you have one or more employees, you’re legally required to get this insurance. It covers you if an employee makes a claim due to injury or illness while working for you.
  • Public liability coverage: This can cover you if someone has an accident on your property or is injured by your business activities. If you have customers visiting your home, it's something you may wish to consider, to see if it is right for you and your business.
  • Contents insurance: If you use your laptop for work, or have any equipment or stock at home for business use, this cover could help compensate you for the cost of fixing or replacing what you’ve lost.
  • Professional indemnity insurance: This can cover the cost of compensating your clients should they suffer any loss or damage because of advice you’ve provided.
  • Product liability insurance: This insurance can compensate you if someone makes a claim against you because of a fault in a product you designed, manufactured or supplied.
  • Vehicle insurance: If your business uses cars or vans you’re legally required to insure them. Always check to see if your business policy covers your vehicles.
  • Personal accident cover: This cover can provide you with a salary in the event of an accident or illness that prevents you from working.

How can I compare my options?

No two home businesses are the same, so it’s important to compare business insurance. Start a quote with us and we’ll help you find the most competitive prices for the cover you need.

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