HEALTH NUB: 01/16/18

What you need to know if you work from home

Business Insurance

Your insurance choices should, in part, be based on the type of business you operate. For instance, if you’re a sole practitioner home-based accountant, you’ll have very different insurance needs than your neighbor who runs a childcare business. When considering insurance for your business, here are some questions to ask yourself:

What type of business do I run? What are the potential risks faced by your type of business?
What is the value of my business property? Do you have expensive equipment, such as cameras or commercial printers? Do you stock valuable business inventory, such as gemstones?
Does my business have employees?
Do customers or contractors visit my business at my home?
Do I use my car or other vehicles in the course of my business operations?
Does my business store customers’ financial and personal information on a computer or through a cloud computing service?

The answers to these questions will guide which types of insurance to purchase—and how much coverage you’ll need. For your home-based business, the main types of insurance to consider include the following:

Property and liability insurance

Depending on the nature of your home-based business, you’ll need insurance to protect the value of your business property from loss due to theft, fire or other insured perils. You’ll also need liability protection to cover costs if someone is injured as a result of visiting your business or using your product or service. Your homeowners insurance may provide some protection for your business, but it may not be sufficient. Options for property and liability insurance for home-based businesses include:

Adding an “endorsement” to your homeowners policy
Stand-alone home-based business insurance policies
A Business Owners Policy—or BOP—which combines several types of coverage

Business vehicle insurance

Your personal auto insurance may provide coverage for limited business use of your car. But if your business owns vehicles or your personal vehicle is primarily used for business purposes, you’ll need business vehicle insurance.

Workers compensation insurance

If you have employees, you’ll want to strongly consider purchasing workers compensation insurance to cover costs if an employee is hurt on the job. Workers compensation insurance provides wage replacement and medical benefits to employees injured in the course of employment, in exchange for relinquishing the right to sue the employer. In some states, workers compensation insurance is mandatory, so be sure to check your state’s workers compensation website for local requirements.

Other types of insurance may be suitable for your home-based business as well. Your insurance professional can help you evaluate your needs and select insurance to meet your budget.

WHY YOU NEED TERRORISM INSURANCE FOR YOUR BUSINESS

Terror insurance is a special or special supplement called "permit" or "cyclist" in the general trade policy. Only a standard business strategy will cause damage caused by terrorism.
Counter-terrorism cooperation is a joint public-private partnership that enables federal and professional enterprises to engage in serious terrorist activity. The TRIA, endorsed by Parliament in November 2002, ensures that companies have sufficient financial resources to restore and restore if they become victims of an attack. According to TRIA, all real estate and various insured companies in the US need terrorism.
Frequently asked questions about security for terrorism

Sp. What is the topic of terror insurance?
A. Terrorism includes damaged or destroyed property - including buildings, structures, furniture and accessories. It can also affect the traffic of the company. Terror insurance can also affect the deal with your attacks.
Sp. What is an anti-terrorism policy?
This is because your country is responsible for terrorism to bring the debate out of the fire. Nuclear, biological, chemical and radiological (NBCR) attacks are also excluded, with the exception of quality of life, health and nutritional benefits.
Cyber risk is also a growing threat of terrorism. Accidents at work or injuries can be caused by computer attacks, such as a change in the unit attack. On the other hand, most computer activities are not violent and must not cause physical harm. In general, terrorist insurance is unlikely to be affected by cyber-attacks, and small businesses are concerned about this risk and it should be considered to promote specific insurance.
Sp. How does the insurance against terrorists work?
A. The damage allegedly violates the terrorism insurance or the US Treasury officially announces events for terrorist activities. This presupposes that the action is abusive through the efforts of individuals or individuals of the Union or the authorities. Activities may be secretarial or terrorist activities, such as property and damage, totaling no more than $ 5 million. At least $ 100 million were damaged as terrorist attacks.
The definition of legal terrorism has been extended to domestic and foreign terrorism.
Factors to consider when deciding whether to buy insurance from terrorists

Approximately 60% of US companies are protected. Some things to consider when assessing or protecting against terrorism:
Responsibility - Rural and home less involved in terrorist attacks. Leisure facilities such as airports and train stations are at increased risk of terrorist attacks.
The cost of a terrorist sector varies from $ 19 to $ 49 depending on the insurance value, depending on the size of the business. The costs are usually 3 to 5 percent of the cost of corporate assets.
The nature of the industry-based industry, like society, has a higher risk of attack. If your business is risky, you can try to ensure your safety.