General Liability Insurance for Home-Based Businesses: Is It Necessary?

There are many benefits to running a business from your home, including increased flexibility and lower overhead costs. But a home business isn’t immune to risks, and your traditional homeowners insurance likely won’t cover your operations. This is where general liability insurance can be crucial.

What Is General Liability Insurance?

General liability insurance can provide financial protection for your business against third-party claims of bodily injury, property damage and personal injury, including libel or slander. This coverage is essential for your business because it isn’t included in standard homeowners insurance policies.

Why Is It Important?

Your business may operate from your home, but you still face potential liabilities. General liability insurance can help with legal defense fees from claims of copyright infringement or if someone makes a claim against your product or workmanship. If you operate a physical shop space from your home, general liability insurance may help with medical expenses if someone slips and falls in your home business.

What Home-based Businesses Need General Liability Insurance?

General liability insurance may be helpful to any home business, including the following:

• Freelance consultants who meet clients at home

• Coaches and personal trainers

• Tutors

• Caterers or bakers who produce in their kitchens

• Crafters and Etsy sellers

Contact Us

As you grow your business from your home, your responsibility and risk exposures grow as well. The right insurance can help you be prepared for the unexpected. The team at Kiero Insurance & Multiservices, LLC in Houston, TX can help you find the right policy for your business needs. Contact us today for a personalized quote or more information.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.