With the rise of remote work and home-based businesses, both homeowners and renters need to recognize that standard home or renters’ insurance policies do not adequately protect business-owned assets. As a renter, you have multiple options to gain coverage for your home-based business. If you live in the Lilburn, GA, area, our team at Garrison Insurance Group is ready to help you find the insurance coverage that suits both your personal and business needs.<\/p>\n
Running a business from home or an apartment has many advantages. However, you should recognize the need for commercial insurance protection since a basic renter’s insurance policy covers only personal assets and liabilities, not your business assets.<\/p>\n
Most renter policies provide $2,500 in business asset coverage, which you can exceed with office electronics and furniture alone. Tools, equipment, or inventory kept at home only increase the amount needing commercial protection. Those with limited business assets can add a rider to the renter’s policy to cover up to $5,000 in business assets. You will need a separate commercial insurance policy if your asset value is higher.<\/p>\n
Also, your personal policy will not cover the liability of business associates injured while conducting business on your property. Plus, your company may need Workers’ Compensation or other commercial insurance protection, like other small businesses.<\/p>\n
As always, discussing your situation with your insurance agent is best to tailor a package that makes sense for you.<\/p>\n
Garrison Insurance Group serves the Lilburn, GA, area, and we look forward to protecting your personal and business assets. Stop in today or call (770) 985-1197 to schedule an appointment.<\/p>\n","protected":false},"excerpt":{"rendered":"
With the rise of remote work and home-based businesses, both homeowners and renters need to recognize that standard home or renters’ insurance policies do not adequately protect business-owned assets. As a renter, you have multiple options to gain coverage for your home-based business. If you live in the Lilburn, GA, area, our team at Garrison […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[10,9,20],"class_list":["post-62","post","type-post","status-publish","format-standard","hentry","category-renters-insurance","tag-garrison-insurance-group","tag-lilburn-ga","tag-renters-insurance"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t