However, if you work from home and you have some office equipment in there, will those still be covered by your basic home insurance policy? Just like you would insure your life, or your health, you need to insure your business. Normally they will also sell tax solutions, contractor mortgages, contractor pensions, umbrella companies and other things relating to self-employed working. Businesses that operate in states with a history of awarding high damage amounts to plaintiffs typically need to carry liability insurance with higher coverage limits. Auto liability insurance will be necessary if your company uses vehicles to transport goods or people.
You will find that you will probably want to have some type of buildings insurance and an option to cover you for any theft that might occur by employees. Professional liability coverage: Businesses that provide services often purchase this type of coverage, which protects against errors and negligence. …