NLIC.org

Fred Said:

Home Business & Insurance?

We Answered:

Well, it's up to the homeowners insurer. Most, for that kind of business, as long as you have a seperate GL policy, will ask you for a copy of it, and happily keep writing your homeowners insurance. Some still won't want to write your homeowners policy. It's up to the individual companay, and their underwriter, to make that choice.

No, having that business there does NOT "automatically" mean you need a commercial policy, with the type of business you have (no foot traffic, and no hazardous business property on site).

Regarding your house burning down. The insurance company can decline to pay for any contents used for your business. I don't think they flat out have grounds to deny the claim, assuming that they haven't asked you if there was a business on the premises lately. If you don't lie, you should be ok.

Most people with internet based home business don't worry about insurance. Most of the time, they don't have a problem.

The only time a problem happens, is when a claim is filed. MOST people, don't have claims.

Micheal Said:

How can I buy home insurance if I use one room for my business?

We Answered:

insurance website:
http://insurance18.cn

Ida Said:

If you're an Insurance Agent (Auto, Home or Business) do you have to carry your own Errors and Omissions Ins.?

We Answered:

It will depend upon the contractual arrangement you have. If you are an independent contractor you will most certainly need to purchase your own E & O insurance. On the other hand if you are an employee of the company or agency they will normally include you as an insured under their policy.

Do not assume you have coverage. This is an important point to clarify.

Linda Said:

Can you be successful running and insurance business from home?

We Answered:

We sell for a company based out of fort worth, texas.
we are self-employed and work from home, setting appointments and doing all the work from home, then going out and selling to the people in their homes.
Yes, it can be done and if you can get on the phone and set appointments for yourself and you are self motivated you can make up to a 6 figure income.
We represent 8 different insurance companies, all A+++ Ratings , Health and Life some Annuities, and Medicare Supplements.

Warren Said:

Starting a business from home, what insurance is mandatory by law?

We Answered:

In the US you don't need any insurance to start a business such as that...though it'd probably be smart to.