You might think the lines here are a bit blurred if your home is also your business, but it’s also all the more reason why you should have adequate insurance. Buildings insurance will usually cover your property for personal and business use, provided all the buildings are within the property’s boundaries.
However, contents insurance is another matter. If you rely on expensive equipment for your home business, then it’s worth taking out a separate business contents policy as your standard home contents cover might not cut it. The best way to calculate what you need is to objectively look at what equipment keeps your business going, add it all up, then check if your existing contents policy is enough. It’s all too easy to underestimate stuff we take for granted.
It may also have a significant impact on your insurance if you have employees or customers coming in and out of your home. Make sure you declare this when getting a quote as it could influence decisions made for future claims.