Do You Run a Home-Based Business in Georgia? Here’s the Coverage You Need

Some home-based business owners assume their homeowners policies will cover operational risks, but this is rarely true. Commercial insurance is often necessary to comply with state requirements and to cover financial losses from business property damage, employee injuries and other risks.

Understanding Home-Based Business Risks

Common risks for home-based businesses include:

• Damage to business equipment or inventory
• Liability claims if a client or delivery person is injured on your property
• Data breaches or cyberattacks
• Business interruption due to property damage

Without the appropriate coverage, these incidents can lead to costly out-of-pocket expenses.

Essential Types of Coverage for Home Businesses

Business insurance typically consists of multiple types of coverage. Your agent may recommend the following:

• General liability insurance is a foundational policy for many small businesses. It may cover claims related to third-party injuries, property damage and personal and advertising disputes.
• Commercial property insurance may pay to repair or replace your physical assets after incidents like fire or theft. It may cover your computers, inventory and tools.
• Workers’ compensation insurance may cover medical care and lost wages from work-related injuries or illnesses. Georgia law requires this policy if you have three or more employees.
• Commercial auto insurance may cover vehicles used for business purposes. Georgia requires minimum liability coverage for business vehicles.
• Professional liability insurance may cover claims of negligence or errors in your professional services.
• Business interruption insurance may provide financial support if your business operations are halted due to a fire, severe weather or other covered events.
• Cyber liability insurance may prevent financial loss in case of a data breach or other cyber incidents. It may cover customer notifications, credit monitoring, lost income and other related expenses.

Get Business Insurance in Dalton, GA

Contact Absolute Insurance Agency LLC today for custom business insurance solutions. Our agents are here to help you get started.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.