BizSugar.com › Management › Are You at Risk?! When to Insure Your Home-Based Business

By Sarah Landrum

More than 50 percent of businesses in the U.S. are based out of the owner’s home. If you own or are starting a home-based business, you’re in good company. But do you have insurance for the business? Roughly 60 percent of home-based businesses lack sufficient business insurance.

Many people who work out of their homes may simply have given little or no thought to insurance as they ramp up the business. Others may assume their home insurance covers anything that happens in their homes, be it business or personal.