Decision Finance
This is a type of insurance for those small businesses that need to cover their work if they happen to work from their home and use it as an office?
What does this mean?
Many of our customers work part time on a number of projects. They may also have an home office that they use for this purpose. A good example could be a bookkeeper that does a bit of her work at home, in her study. Another example might be a surveyor who has a separate office at home and uses this to run her business. In both cases these small businesses (or consultants) run a home office.
Some will look clearly like a home office, others might just be a study left over or used when their children are not at home, either way, if you have a business, and you base it at home you might need to take advantage of the type of home business insurance that we offer.
Why do I need this cover?
You may need this cover for visitors to your office when they come there for business. You may be a designer that is based from home and you may use certain types of graphic equipment, (paints or computers). One of your clients may pop by to inspect some work and could get injured by something you have left around. Public Liability Insurance is the part of the insurance that would cover in case someone wished to claim against you.
Please note, that your home insurance is very unlikely to cover you for actions that you operate as a course of your business! Most home insurance policies specifically exclude people who use their homes as offices
.I also work with other people at home.
This you should also check, if you have employees you may have to have employers' liability insurance. This protects you from actions from your employees and in some cases it is a legal requirement to take out employers' liability insurance if you have employees. You may only be running a small design company from home but if you have employees you definitely need to consider this!
I might move soon?
That is fair enough and most insurers are flexible enough to translate your home-based policy into one more suitable for your needs, however you still need cover for your business, if you are running it from your home.
No-one visits me, why do I need cover.
If for example your computer blows up and causes a fire within your home, your home insurer might find out that you had been using one part of the home as a business. This could invalidate your insurance and thus the recompense you would look for in such a claim.
Where do I get home office insurance?
This is the easy bit, we can give you online quotes for home based insurance, no matter what sort of business you may operate from home. Many of our polices can be bought immediately online, and once we have confirmed payment (usually seconds) your new home office policy could be downloaded on your hard drive. That is within 5 minutes from now to get the right amount of cover for your business.
