For many of us, the way we work is changing. As people look for more opportunities to start their own business, working from home has become increasingly common. When you work from home, it’s important to consider the risks involved and ensure you are protected. Find out our top 5 reasons why you need insurance when you work from home and how Cascade Insurance can help.
Protect Your Equipment
When you operate a small business, you may have equipment that is essential for carrying out your service. Have you considered how costly it could be to replace your equipment? And whether it is covered by your home insurance when it is outside of the home? Make sure you have the right cover that will look after your equipment, and by extension, your livelihood.
Protect Stock and Merchandise
As a start-up, you may not be able to afford storage facilities for your stock, resulting in having to store your products at home. But are they protected by your home insurance? Not all home insurance providers will pay out for merchandise, meaning it could result in a loss of earnings and having to pay more money to replace all your stock. Getting the right insurance can stop this from happening and can protect you if something were to happen.
Employers Liability Insurance
All small businesses aim to grow, and that typically includes hiring employees. Even when you work from home with your employee(s), it is vital to take out Employers Liability Insurance. If an employee is injured or becomes ill in the process of completing their work, Employers Liability Insurance will help you pay compensation.
Public Liability Insurance
If you offer products and services from your home, then it is essential to take out public liability insurance. Public liability insurance provides you protection against a member of the public who brings a claim against you. Without public liability insurance, you could be faced with a having to pay out compensation that you may not be able to afford. At Cascade Insurance, we work with businesses to find the best public liability insurance to suit them and their business needs.
Professional Indemnity Insurance
At times not all clients are going to be happy with the service or product that is provided. Should they decide to bring a claim against you, professional indemnity insurance will help with legal fees. Legal fees can be costly, which is why professional indemnity insurance can help protect you.
These are our 5 top reasons for making sure you have insurance when you work from home. You may think it is expensive, but insuring your business will help give you the best chance to succeed.
Cascade Insurance is an insurance broker that provides specialist commercial insurance across a range of different sectors. If you’re looking for an insurance company who will offer you sound advice and work hard to ensure your policy protects you and your business, then contact us.