Florida has one of the most friendly business climates in the country. Lots of new businesses are moving here all the time. Whether you have a few employees or none at all, commercial insurance can make a difference to your business’s health and survival. At Singh Insurance and Financial Services LLC in Clermont, FL, our goal is to help our customers find the insurance they need at a price they can live with.
Home businesses are popular everywhere. They allow a great deal of flexibility. While you may need to make some modifications to your home to allow for the business, it will add to the value of your home. The good news is, you will not have to pay a monthly rental for a work location. But assuming your home insurance can cover your home business is a mistake that could end up costing you dearly.
If you are using your personal vehicle for business, you need to discuss that use with your insurance agent. You may need to change to commercial coverage or increase your coverage to protect your business from the liability of an accident.
Home insurance may help cover some of your business loss if a covered hazard destroys your home, but it will be limited. To protect your business assets, products, equipment, and inventory, you need to protect it with commercial property insurance.
If you are meeting with clients or customers in your home, you need to have commercial liability insurance to ensure that you have adequate protection. Keeping your personal and business entities separate is always a good idea. Your home insurance will not cover business-related injuries at your home.
Contact Singh Insurance and Financial Services LLC in Clermont, FL for all your commercial insurance needs.