Working from home has become common, but turning part of your residence into a workplace can raise insurance questions. Computers, office equipment, business records, inventory, and visitors connected to your work may create circumstances that differ from ordinary household use.
What Changes With a Home Office?
A standard home insurance policy may provide some protection for property used for business, but limitations can apply. Coverage can also depend on the type of business you operate, the equipment you own, and whether customers or clients visit your home.
West Virginia’s Office of the Insurance Commissioner advises homeowners to review their policies carefully and discuss business activities with their insurance agent. Business property and activities may not receive the same treatment as personal property and household activities under a homeowners policy.
Consider Your Equipment and Business Activities
If you operate a business from your home in Follansbee, WV, make a list of the equipment and property you use for work. Computers, printers, specialized tools, supplies, and inventory may represent a significant portion of what you keep at home.
You should also tell your insurance professional if clients, customers, employees, or delivery personnel regularly visit your property as business-related activity can introduce additional considerations. Keeping accurate records of business property can also make it easier to provide information if you need to discuss a loss.
Review Your Policy With Mutual Insurance Partners
Mutual Insurance Partners serves customers in Follansbee, WV, and can help you review your home insurance and discuss how working from home may affect your insurance needs. Contact us for more information about your policy and the options available for your circumstances.
