The thing about home business insurance is that many home-based business owners assume that their homeowner's insurance covers property damages and liabilities having to do with the business. This is not usually the case. They are two separate entities when it comes to insurance coverage. Rather than find out after it's too late, it's a good idea to find out about insuring your home-based business at the start. It may cost less than you think because, in many cases, business owners can simply add on a "rider" to their existing policy. This can be much cheaper than purchasing a brand new policy. Furthermore, business owners may need liability coverage if clients frequently visit the home, but they may not have much business property to insure. Let's look at 5 ways you can cut costs when it comes to insurance fees: 1. Call Your Insurance Company The majority of at-home business owners aren't aware that they can make a simple change to their existing homeowner's policy to cover damages due to business activities. This addition is called a home business rider, and it can be fairly inexpensive, depending on what needs to be insured. 2. Obtain Quotes from Lots of Different Companies In order to make sure that you're receiving the best deal, you want to shop around. The quickest way to do this is through one of the online insurance networks where you can get multiple quotes all at one time. This is a real time-saver, and this method is more transparent and typically more competitive, which means you can avoid getting ripped off by unnecessary high rates. 3. Search for "Discounts to Groups" Offered by Organizations Many times, regional business clubs or trade associations provide lower-priced group insurance programs not usually available to small or home-based operations. By buying in bulk, these organizations receive lower insurance premiums, when they can then pass on to their members. Becoming a member may cost you money, but may be inconsequential when compared to the insurance cost savings you receive. 4. Show Insurance Companies that You are a Low-Risk Client. For instance, if customers, vendors or workers visit your home, install security and safety equipment as well as proper lighting and remove any potential hazards. If you are not sure what could make you a high-risk client, ask your insurance company. Then make any necessary adjustments. 5. Increase Your Insurance Deductible. As with any type of insurance, when you increase your deductible, your premiums typically go down. Raising your deductible can lower your monthly premiums, but you don't want to raise it so much that you wouldn't be able to afford to pay for damages in an accident that the insurance doesn't cover.

1. HOME
BUSINESS
INSURANCE
Do You Really Need It?

2. The thing about home business insurance is that
many home-based business owners assume that their
homeowner's insurance covers property damages and
liabilities having to do with the business.

3. This is not usually the case.

4. Rather than find out after it's too late, it's a good idea
to find out about insuring your home-based business
at the start.
It may cost less than you think because, in many
cases, business owners can simply add on a "rider" to
their existing policy.
This can be much cheaper than purchasing a brand
new policy.

5. Furthermore, business owners may need liability
coverage if clients frequently visit the home, but
they may not have much business property to
insure.

6. Let's look at 5 ways you can cut costs when it
comes to insurance fees:

7. 1. CALL YOUR INSURANCE COMPANY
The majority of at-home
business owners aren't aware
that they can make a simple
change to their existing
homeowner's policy to cover
damages due to business
activities.
This addition is called a home
business rider, and it can be
fairly inexpensive, depending
on what needs to be insured.

8. 2. GET QUOTES FROM MULTIPLE COMPANIES
In order to make sure that you're
receiving the best deal, you want
to shop around.
The quickest way to do this is
through one of the online
insurance networks where you can
get multiple quotes all at one time.
This is a real time-saver, and this
method is more transparent and
typically more competitive, which
means you can avoid getting
ripped off by unnecessary high
rates.

9. 3. FIND GROUP DISCOUNTS
Many times, regional business
clubs or trade associations provide
lower-priced group insurance
programs not usually available to
small or home-based operations.
By buying in bulk, these
organizations receive lower
insurance premiums, when they
can then pass on to their members.
Becoming a member may cost you
money, but may be inconsequential
when compared to the insurance
cost savings you receive.

10. 4. SHOW YOU ARE LOW RISK
For instance, if customers,
vendors or workers visit your
home, install security and
safety equipment as well as
proper lighting and remove
any potential hazards.
If you are not sure what
could make you a high-risk
client, ask your insurance
company. Then make any
necessary adjustments.

11. 5. INCREASE YOUR INSURANCE DEDUCTIBLE
As with any type of insurance,
when you increase your
deductible, your premiums
typically go down.
Raising your deductible can lower
your monthly premiums, but you
don't want to raise it so much that
you wouldn't be able to afford to
pay for damages in an accident
that the insurance doesn't cover.
Somewhere in the middle is
usually best.

12. 5. INCREASE YOUR INSURANCE DEDUCTIBLE
Most times, home-based
entrepreneurs pay less since
they have less property to
insure.
Some home businesses don't
employ workers or even have
clients visiting the premises.
This can cut way down on
insurance cost. This is actually
one of the big benefits to
running a small home business.

13. 5. INCREASE YOUR INSURANCE DEDUCTIBLE
On the flip side, however,
the smaller the business,
the fewer the resources it
has in the case of a
problem or disaster.
This is why it's so
important to insure the
property that your business
can't do without - your
business is your livelihood.

14. 5. INCREASE YOUR INSURANCE DEDUCTIBLE
Small business can easily go
out of business overnight
without the proper
insurance coverage.
And since the cost of
insuring a home business vs
a larger company is
minimal, it just makes
sense to make a small
investment and minimize
your risk.

15. Get a Free Quote Online:
www.HomeBusinessCenter.com/123/insurance.html