Perfect Insurance for Your Office-Based Business
Office based businesses have many specific insurance requirements. We’ll recommend coverages, coverage amounts, deductibles that are best for ensuring that you and your business are protected from unexpected events. There are many coverages and options that you may want to explore that we will recommend for you. There are NO MINIMUM PREMIUMS that are unfairly charged against most small office-based businesses.
Important Considerations
Don’t Skimp on Liability Limits
$1,000,000 or $5,000,000? We suggest that you get the highest limit you are comfortable with. The cost of liability insurance is not linear, a $5,000,000 limit will not cost much more than a $1,000,000. At the minimum, we recommend a $2,000,000 limit. We highly recommend that you review your rental or lease agreement as it is likely to specify the limit you are required to carry.
Don’t Forget the Landlord
Once again, check your rental or lease agreement. It is very likely that your landlord wants to be added to your policy as an additional insured. This is quite common and extends liability coverage to the landlord for your acts as a tenant.
Insure Your Contents
Ensure that you are carrying proper limits for your contents. This includes not only property you own but any improvements (called betterments) that you have made to the space you are renting/leasing. Once again, the biggest mistake that you can make is not having enough in the event of a claim.
Have a question or need advice?
If you are unsure of the meaning of a coverage there is always a “more information” link to the right of the coverage or limit to get more information. You can also text, email, or call Awywi at any time.