A home business can be a profitable and rewarding experience. Like any business, your home enterprise needs to be protected against unforeseen events that can lead to financial loss. At Franklin Insurance Agency, we offer a number of commercial insurance options for home businesses in the Rio Rancho, NM area. The right insurance protection will give your home business a chance to grow.
Why Your Home Business Needs Commercial Coverage
If you’re counting on home insurance to protect your business property, you may be sorely disappointed. Home insurance is designed to protect your dwelling and personal belongings, not business equipment or products. That’s why you need commercial coverage.
Commercial Insurance Options for Home Businesses
Depending on the scope and type of home business you run, you can choose from the following coverage options:
Property Coverage – to protect your business furniture, equipment (computers, scanners, printers, phones, etc.), and products (if you store inventory on your home property)
General Liability Coverage – to protect you against accidents customers or business associates may have when visiting your home for business purposes. Liability also protects you against lawsuits if you’re sued for damages.
Business Interruption Coverage – to cover lost revenue and other business expenses if you have to shut your enterprise down temporarily due to disaster damage to your home
Workers Comp Coverage – If your home business employs three or more part or full-time workers, New Mexico requires that you have this coverage to protect your employees against accidents on the job.
Commercial Auto Coverage – If your home business uses a vehicle (or vehicles) for business purposes, this coverage will protect you and your workers against auto accidents on the job.
To purchase commercial insurance for your Rio Rancho, NM home business, contact Franklin Insurance Agency at your earliest convenience.