I have a home-based company and my husband has a small-scale business. Do we need business insurance?

There is a possibility that small-scale or home-based businesses will not need a business insurance, but they have to consider getting a property and liability insurance just in case of loss that might affect the home rather than the business. For your information, there’s a criteria for a small-scale business to qualify in the Business Owner’s Policy. The BOP is only given to the firms with a minimum number of employees and other considerations that are being set by the insurance firm. The International Standard Organization implemented a standardized rule on this.