With millions of Americans losing work this year, it’s not surprising that home-based business startups are gaining popularity. About one in five homeowners reported they had launched a home-based business in the last six months, according to a recent online poll conducted by The Harris Poll on behalf of The Hanover Insurance Group. While starting […]
What Type of Insurance Does Your Home Business Need?
For many small business owners, working from home is a dream come true. However, this is a dream that comes with its own set of sometimes-unexpected problems and considerations. As an entrepreneur, some challenges – like needing to efficiently manage your own time and wear multiple hats – are probably already on your radar. What […]
Home-Based Business Insurance: Who Needs It?
If you own a home-based business or you’re thinking of starting one, you’re in good company. According to SBA statistics, Americans own about 28.8 million small businesses—and half of them are at-home businesses. The most common types of home-based businesses include information, construction, and professional service firms. But today’s entrepreneurs are getting creative, turning some serious […]
Does Your Home-Based Business Need Business Insurance?
If you’re one of the growing number of entrepreneurs with a home-based business, you may have pondered getting business insurance. But it’s not just a case of whether or not to get insured, but what kind of insurance to get. These days, many successful entrepreneurs and small business owners operate their businesses from the comfort […]
Are Smart Homes a Smart Idea?
As technology is such an integral part of our daily lives, especially during the pandemic and its related restrictions and concerns, it’s no surprise that consumers are increasingly converting their homes into “smart homes.” The $78.3 billion market is set to grow to $135.5 billion by 2025. Makes sense, given that more families have been staying at home for longer periods […]
5 Work-From-Home Risks That Are Here To Stay
Businesses were exposed to new and expanded risks when employees abruptly began working from home last year. The most pressing risks – like IT security and remote accessibility – were quickly addressed. However, many of the mitigations put in place were designed to be temporary fixes rather than long-term solutions. And that could leave you […]
Most Common Remote Work Security Risks in 2021
Remote work has become a highly popular and common practice around the world, especially now as companies allow a significant part of their employees to remain remote. However, while this practice increases flexibility, improves productivity, and enhances work-life balance, there’s a downside to it – remote work security risks. In this new remote-working landscape created […]
Homeowners Insurance Covers Theft, but specialty items like fine art may require additional coverage
Homeowners insurance protects your dwelling and personal property, and it offers liability coverage for injuries that happen on your property. If damage or theft occurs due to covered event (known as an insurance peril), homeowners insurance will cover the loss. If your possessions are stolen, you’re covered under homeowners insurance’s personal property coverage. If your […]
What You Should Know When Buying a House in a Flood Zone
There’s a saying: where it can rain, it can flood. So for homebuyers, the question shouldn’t be, “can my house flood?” Rather, you should be asking, “what is the flood risk?” Naturally, flood risk is heightened if you get a house along the coast or near a large body of water (rivers and lakes), but […]
Home Insurance Prices up Due to Building Material Costs
Home insurance prices are increasing in conjunction with build material costs according to a spokesperson for Greater Nashville Realtors. According to the group, insurance costs are up 25-percent. Supply chain limitations and increased demand for homes have driven material prices high. Insurance companies are adjusting their prices to match home building costs in the event […]
Homeowners Insurance: What to Know Before Selling Your House
With the slew of tasks involved in selling a house, handling its homeowners insurance probably isn’t a the top of your to-do list — and might not even be on the list at all. But overlooking the insurance implications of a home sale risks leaving your property and possessions vulnerable. Consider the potential risks. The […]
Does Home Insurance Cover Fences?
You bought home insurance to help cover the cost of repairs if your house gets damaged by life’s what-ifs. The good news is that your policy extends coverage well beyond the walls of your home, too. In many cases, that means that your home insurance will cover your fence. Still, though, you do not get […]
Cyber Liability Coverage goes beyond identify theft insurance to cover hacking, cyber bullying, and more
As technology advances, it makes our lives easier. But there’s also a risk for homeowners as we integrate smart technology such as smart televisions and security systems into our homes. Not only does identity theft pose a risk, but you could also be on the hook for damages if you accidentally release a virus or […]
Does Renters Insurance Cover Bed Bugs?
Bed bugs are often associated with travel and hotel rooms, but your home is hardly a safe haven from the dreaded pests in fact, pest control professionals find bed bugs more often in single family homes, apartments and condominiums than in hotels and motels, according to the most recent Bugs Without Borders survey by the […]
5 Misconceptions about Home Insurance Vs. Specialized Jewelry Insurance
While most people count on the scope of their renters or homeowners insurance policy to cover their precious assets, they may find that coverage insufficient in the face of a potential loss. In most cases, the value of a single broad policy is outweighed by that of specialized jewelry insurance policies. Contrary to popular belief, […]
Does Homeowners Insurance Cover Treehouses?
Because of the potential fun and entertainment value, if you have a large, healthy tree in your yard, a treehouse can seem like a tempting proposition. Before you start construction on your new treetop hangout, however, it is important to think through potential insurance ramifications to understand where you may be at risk. Specifically, you […]
Uncorking The Basics of Wine Insurance
Many of us simply open a $15 bottle of wine, pour a glass and sip it. Other people savor the art of collecting wine, whether it’s for pure pleasure or as an investment. But some of those collectors fail to insure their valuable vino – wines that can fetch hundreds of thousands of dollars per […]
Who Covers Company Equipment Stolen or Damaged While Employees Work From Home?
Earlier this year, John Sebak handled an insurance claim filed by someone who was working from home and got into a car accident. The accident destroyed a computer owned by the person’s employer. “The car insurance didn’t cover it, but their home insurance policy did,” said Mr. Sebak, owner of Sebak Insurance Agency in Natrona […]
Insurance for Home Day Care Businesses
When caring for children in your home, having the proper insurance is essential. Here are a few considerations when selecting a home day care insurance policy. What is Home Day Care Insurance? Home day car insurance, also known as child care insurance, protects care providers from the unique risks at-home day cares may face. While […]
Home-Based Business Insurance Explained
With millions of Americans losing work this year, it’s not surprising that home-based business startups are gaining popularity. About one in five homeowners reported they had launched a home-based business in the last six months, according to a recent online poll conducted by The Harris Poll on behalf of The Hanover Insurance Group. While starting […]