{"id":33595,"date":"2020-09-14T12:13:40","date_gmt":"2020-09-14T16:13:40","guid":{"rendered":"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/?p=33595"},"modified":"2020-09-15T13:46:11","modified_gmt":"2020-09-15T17:46:11","slug":"business-report-insurance-concerns-for-at-home-offices","status":"publish","type":"post","link":"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2020\/09\/business-report-insurance-concerns-for-at-home-offices\/","title":{"rendered":"Business Report: Insurance Concerns For At-Home Offices"},"content":{"rendered":"<figure id=\"attachment_33596\" aria-describedby=\"caption-attachment-33596\" style=\"width: 150px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" class=\"size-thumbnail wp-image-33596\" src=\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/wp-content\/uploads\/sites\/109\/2020\/09\/insurance-column-davidson-c-150x150.jpg\" alt=\"\" width=\"150\" height=\"150\" srcset=\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/wp-content\/uploads\/sites\/109\/2020\/09\/insurance-column-davidson-c-150x150.jpg 150w, https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/wp-content\/uploads\/sites\/109\/2020\/09\/insurance-column-davidson-c-65x65.jpg 65w\" sizes=\"(max-width: 150px) 100vw, 150px\" \/><figcaption id=\"caption-attachment-33596\" class=\"wp-caption-text\">Courtesy Northern Insuring Agency<\/figcaption><\/figure>\n<p>By Melissa Davidson<br \/>\n2020 has been unlike any year before it. Did you ever think that your four-legged friend would be your new co-worker? Or you\u2019d become a full-time teacher while your children learned from home?<br \/>\nFor many people, COVID-19 required you to work from home instead of the office. Maybe it has been more cost effective to be able to work from home, but are you sure your type of business is covered by insurance while doing so? <!--more--><br \/>\nSetting up headquarters at your home does not necessarily mean homeowners insurance will adequately protect your operations. Actually, home-based business activities may void your home insurance.<br \/>\nSo now, what questions do you need to ask yourself?<br \/>\nThe answer may depend on what kind of home-based business you are operating. Do customers or clients come to your home? What is the value of your business property? Do you hire employees? Do you use your car or other vehicles during your business operations? Do you have clients or employee records on your computer? If you had a loss that damaged your home, would you lose income if you had to close your business?<br \/>\nIf these questions apply to you, I suggest you review your current coverages as your homeowner\u2019s insurance might not provide enough protection for your home business needs. Let\u2019s discuss what types of coverage you should think about.<br \/>\nBusiness property insurance would cover equipment used to run a home-based business, including computers, printers and furniture. Look around your office and do a quick estimate of how much it would cost you to replace these pieces of equipment.<br \/>\nMost homeowners\u2019 policies have contents limits that could easily be exceeded by a claim. How much of your home office equipment would your insurance allow you to replace if it was stolen? What about when you leave the home for a meeting?<br \/>\nBusiness equipment may only be covered on your homeowners policy while on your premise. You\u2019ll also want to look at your liability insurance. Do you have clients visit your home for business purposes? Let\u2019s say a client comes to your home for a meeting and trips on the stairs. They\u2019ve seriously injured themselves and in turn, can sue you.<br \/>\nAlthough general liability insurance covers third-party related bodily injury, property damage, and related medical and legal costs, if the client is at your home for business purposes, your homeowners insurance could deny this claim. Have you considered Errors and Omissions (E&amp;O)? Especially for those of you who provide professional services or advice for a fee, this coverage is important should you be sued for negligence or for providing advise that caused financial harm to your client.<br \/>\nAgain, your homeowners insurance would not cover you for this. What you really need to be thinking about is what type of business am I running and what are my risks? Do I need additional business property, general liability, business auto, workers compensation, business interruption, crime, products liability or cyber, etc?<br \/>\nThis all depends on your needs and what your risks are. This could be a simple solution. First, review your current homeowners insurance with an insurance agent. It may be as simple as adding endorsements to your policy so coverage extends to your potential risks. This may be for business owners who do not have significant liability risks or a high-value business property.<br \/>\nIf you determine that more coverage is needed, a business insurance policy would be necessary. Every business has different factors to consider in order to make sure there is adequate coverage for liability or property losses.<br \/>\nWe know it has been crazy and confusing time for many businesses, you are not alone. We have seen many changes in the last couple of months and we will need to continually be adjusting and adapting. It is now time to self-reflect on how to best possibly protect yourself moving forward.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Melissa Davidson 2020 has been unlike any year before it. Did you ever think that your four-legged friend would be your new co-worker? Or you\u2019d become a full-time teacher while your children learned from home? For many people, COVID-19 required you to work from home instead of the office. Maybe it has been more [&hellip;]<\/p>\n","protected":false},"author":196,"featured_media":33596,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[32],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\r\n<title>Business Report: Insurance Concerns For At-Home Offices - Glens Falls Business Journal<\/title>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2020\/09\/business-report-insurance-concerns-for-at-home-offices\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Business Report: Insurance Concerns For At-Home Offices - Glens Falls Business Journal\" \/>\r\n<meta property=\"og:description\" content=\"By Melissa Davidson 2020 has been unlike any year before it. 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Maybe it has been more [&hellip;]\" \/>\r\n<meta property=\"og:url\" content=\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2020\/09\/business-report-insurance-concerns-for-at-home-offices\/\" \/>\r\n<meta property=\"og:site_name\" content=\"Glens Falls Business Journal\" \/>\r\n<meta property=\"article:published_time\" content=\"2020-09-14T16:13:40+00:00\" \/>\r\n<meta property=\"article:modified_time\" content=\"2020-09-15T17:46:11+00:00\" \/>\r\n<meta property=\"og:image\" content=\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/wp-content\/uploads\/sites\/109\/2020\/09\/insurance-column-davidson-c.jpg\" \/>\r\n\t<meta property=\"og:image:width\" content=\"480\" \/>\r\n\t<meta property=\"og:image:height\" content=\"740\" \/>\r\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\r\n<meta name=\"author\" content=\"jessewinters\" \/>\r\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\r\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"jessewinters\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\r\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2020\/09\/business-report-insurance-concerns-for-at-home-offices\/\",\"url\":\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2020\/09\/business-report-insurance-concerns-for-at-home-offices\/\",\"name\":\"Business Report: Insurance Concerns For At-Home Offices - Glens Falls Business Journal\",\"isPartOf\":{\"@id\":\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/#website\"},\"datePublished\":\"2020-09-14T16:13:40+00:00\",\"dateModified\":\"2020-09-15T17:46:11+00:00\",\"author\":{\"@id\":\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/#\/schema\/person\/b937a48daf87d7a8bd713a73b5d6a1ae\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2020\/09\/business-report-insurance-concerns-for-at-home-offices\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2020\/09\/business-report-insurance-concerns-for-at-home-offices\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2020\/09\/business-report-insurance-concerns-for-at-home-offices\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Business Report: Insurance Concerns For At-Home Offices\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/#website\",\"url\":\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/\",\"name\":\"Glens Falls Business Journal\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/#\/schema\/person\/b937a48daf87d7a8bd713a73b5d6a1ae\",\"name\":\"jessewinters\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b496e0843f9d888b12500994b6a8562b?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b496e0843f9d888b12500994b6a8562b?s=96&d=mm&r=g\",\"caption\":\"jessewinters\"},\"url\":\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/author\/jessewinters\/\"}]}<\/script>\r\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Business Report: Insurance Concerns For At-Home Offices - Glens Falls Business Journal","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2020\/09\/business-report-insurance-concerns-for-at-home-offices\/","og_locale":"en_US","og_type":"article","og_title":"Business Report: Insurance Concerns For At-Home Offices - Glens Falls Business Journal","og_description":"By Melissa Davidson 2020 has been unlike any year before it. 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