HOW IT WORKS
Running your business from your home has some great benefits. It also poses risks if your house is damaged and you cannot run your business for a significant period of time. Imagine the risk to your business if your home was damaged by a storm, a fire or was flooded. Having significant damage to your house is heartbreaking and inconvenient. Not only would you have to deal with repairs to your home, but if your home was uninhabitable you face the added expense of finding alternative premises to run your business whilst repairs are taking place. The effect on your income could be catastrophic.
My Home Business Insurance provides a one stop-shop property solution for people that operate a business from the home they live in. Many domestic insurers will not provide cover for the home and contents once a person earns an income from home as their home is both their primary residence and their business premises.
My Home Business Insurance also offers cover for Business Interruption. For example, if your home burns down, you not only lose your home, you may also lose your Home Business income, at least until the home is repaired or replaced or you have found alternative premises.
It is important to note, that this product provides cover for the property in which you operate your home based business.
If you require Public Liability Insurance or Professional Indemnity Insurance for the actual business you are running from your home, please contact Imalia and we can assist with providing you with these business covers.
