Business Insurance for Small-Scale Businesses?

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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.

Posted In: Basics,Types on August 28, 2009 Comments (1)

One Response to “Business Insurance for Small-Scale Businesses?”

  • Kristy says:

    This is so wrong it isn’t even funny. YES you need business insurance and very likely you both may qualify for bop. You have HUGE liability exposure gap if you run any kind of business and do not cover it properly. Most home policies do not cover business exposure.