Home-Based Business
If you run your business from your home, read on!
Commercial Real Estate, Property and Liability / Cyber / E&O / Media Liability / Commercial Auto
Welcome to the New Normal!
If there is one thing we have learned from the 2019 Pandemic, it is that Companies are resilient and businesses of virtually any size can be run “from home”. Whether you are a solopreneur, partnership or incorporated company, adapting to a virtual workforce and using collaborative technologies, it is possible for your home to be your base of business regardless of scale.
The Home vs. Home-based Business Insurance conundrum.
If you have a Property Insurance Policy for your home, condo, apartment or cottage you may think your “business is covered”. If your annual revenues are $150,000 or less, chances are reasonable that you can get a special package added to your Property Insurance Policy to extend coverage to your business.
However, there are many limitations to the “Home-based Business Extension” and we are aware of many cases of Coaches, Consultants, Marketing, Media, Technology and other Professionals who have been advised that their Property Insurance would be cancelled due to the type of the business they were operating from home.
Don’t assume that your business is protected by your Home Insurance Policy. Contact Case Insurance Brokers for advice when you are starting your business. We have access to a wide range of Insurance Companies that provide the coverage to support most Home-based businesses.
Joe Baker & Co.
Case took the time to explore my business needs before designing an insurance solution that matched my needs. It was a blend of personal and professional care.
Joe Baker
Commercial Real Estate, Property and Liability
The Risk Management foundation for any business is the Commercial Property and Liability Insurance Policy. Many people start out in business with a Real Estate Investment. If you are purchasing an Investment Property, we can ensure that you are properly covered. The Property Coverage protects your physical assets, operations and lost income to ensure that you have the financial support needed to continue to fund your financial obligations for the month that it takes to re-build after a fire, lightning, flood, or other incidents. The Commercial General Liability (CGL) coverage protects you and your business from financial loss should you be found liable for property damage, bodily injury or personal injury (libel or slander) to a Third Party caused by your services, business operations, or employees. It is important to maintain your coverage to handle seasonal changes so that you fully insured at all times.
Professional Liability (E&O Insurance)
Professional Liability, also known as Errors and Omissions insurance) is supplementary liability insurance that enhances any business owner’s policy by safeguarding against catastrophic loss in the event of a lawsuit due to a negligent act, error or omission by the professional. In addition to claims of error, omission, or negligence, E&O insurance can also protect against slander, libel and breach of contract.
Cyber Liability
Cyber Crime is a Trillion Dollar business and growing at an exponential rate. Cyber Criminals are working 24/7 to find creative ways to generate revenue from your valuable data and systems. A Cyber attack can damage your Reputation in a split second and easily cost you tens of thousands of dollars to manage the situation.
Media Liability (E&O Insurance)
Does your business create Content? Do you have a website? Do you sell your product or service online? Do you design or author content for Social Media platforms like Facebook, Instagram, Messenger, Pinterest, Reddit, Snapchat, Twitter, WhatsApp or YouTube? If the answer is YES, then you have a Media Liability exposure! Media Liability is a coverage required to protect and defend your Media Assets in the digital world. Media Liability coverage would respond to a lawsuit arising from an allegation of infringement, libel, or slander which would be excluded from coverage under a Commercial General Liability policy.
Commercial Auto
Commercial Auto Policies are not just for heavy vehicles or fleets. If you, or someone in your Company, uses a vehicle for meeting customers, picking up supplies, or delivering products, you may require a Commercial Insurance Policy. Many business owners believe Commercial Auto Insurance is more expensive than Personal Auto Insurance however this is often not the case. Make sure you have the correct coverage and allow us to work for you to get the best value in the market.
Request a Complimentary Business Insurance Policy Review
Your world is constantly changing. Is your insurance program keeping up? Our No Obligation Policy Review Program identifies potential issues you should be aware of and opportunities to enhance your insurance package to get the best value for your Insurance dollar. Click on the link below to connect with a Case Insurance Broker today.