Do You Need Commercial Insurance for a Home-Based Business?

If you have a home-based business, you might not need the same type of insurance as someone who has a business outside of the home. However, it’s not a good idea to assume that’s the case. Instead, you want to ensure you’re protecting yourself and your business correctly. For anyone in the Pomona, CA area, that means contacting THINK Insurance & Financial Services to talk about whether you need a commercial insurance policy.

Types of Home Business

There are two main types of businesses based out of the home, and they’re divided by whether they have customers that come to them. If you let customers into your home, it’s a good idea to ensure you have adequate protection in case one of them gets injured. Having a commercial policy can give you that protection since you don’t want to rely on your standard home insurance if you’re operating a business.

Many people operate online or service-based businesses from their homes that don’t require in-person interactions there. If that’s the kind of company you have, especially if you’re a sole proprietor and don’t have employees, it’s likely not necessary for you to have a commercial policy. There isn’t any equipment or product to protect, and you don’t have employees or customers entering your space.

Before you make a definite decision on your insurance needs, though, get in touch with us today at THINK Insurance & Financial Services. We’re here to help Pomona, CA residents get the right help and support for all their commercial insurance needs. Our trusted agents can answer your questions and help you decide whether you need a policy. If you do, we’ll work with you to find the best one for peace of mind.