Throughout the coronavirus pandemic, more of us have been working from home. Companies across the country have moved to remote operations to keep their staff and customers safe while continuing to operate. If you are one of the millions of people who are suddenly working from home, take a look at what you should know about working from home and insurance coverage.
Insurance and Working From Home
Home insurance isn't business insurance. It protects your personal property and personal activities. This means if something happens to your business property, your home insurance would not step in to help cover replacement costs. In many policies, there are strict limits to how home insurance would cover a loss of business property.
How to Fill Work From Home Insurance Gaps
If you're a full-time employee concerned about liability and personal property while working from home, talk to your supervisor. If you use a company-bought laptop, your employer will typically cover its replacement. However, a personal laptop stolen from your home that you use for work occasionally could be covered by your homeowners insurance.
Full-time work from home employees will usually have coverage for business property provided to you while working remotely as well as limited coverage for personal property while performing work-related tasks.
Independent contractors, on the other hand, will need to take out a commercial insurance policy to protect their belongings and activities. Such a policy will cover your property on and off your home premises, business liability, and business interruption coverage. s
If you find yourself working from home, let the professionals take care of your insurance needs. Little & Sons Insurance Services has been providing California residents with customized insurance services since 1922.
Contact us today for all of your
business insurance needs.
