With so many people working from home, you might wonder if you still need commercial insurance. After all, your business activities take place in your home in Rome, GA, not in a commercial space. However, there are a few questions that Coosa Valley Financial Group recommends considering.
First, consider the type of business you’re running. If you have customers or clients who come to your home for meetings or to pick up products, you’ll want to ensure you’re covered in case of an accident on your property.
You’ll also want to consider whether or not you have employees. Even if they don’t work in your home, they may still be considered "employees" for insurance purposes. If that’s the case, you’ll need to ensure you have workers’ compensation insurance to protect yourself in case of an injury.
Another thing to consider is whether or not your home-based business is growing. You may eventually need to move into a commercial space if it is. If that happens, you’ll want to ensure you have the right coverage in place from the start. Most commercial property managers require that you have commercial insurance as part of your lease.
There’s no one-size-fits-all answer regarding whether or not you need commercial insurance if you work from home in Rome, GA. It depends on factors such as the type of business you’re running and whether or not you have employees. However, it’s always better to err on the side of caution and maintain a policy even if you think you might not need it. If you need more information or have questions, contact Coosa Valley Financial Group. We’re here for you.