A common misconception by home-based business owners is that a homeowner’s policy will cover business-related losses. That’s often not the case. In fact, running a business out of the home could create unanticipated coverage issues under the home-owners’ policy.

Protecting your business.

In 2011, small businesses are estimated to incur $152 billion in tort liability costs, according to the U.S. Chamber Institute for Legal Reform. Many small business owners do not carry adequate general or professional liability coverage, or mistakenly believe that their size makes them less susceptible to litigation. We live in a litigious society, and small business does not mean risk-free. Many face the same risks as larger enterprises such as being sued by a dissatisfied client or former employee. Failure to protect against an adverse event can expose small business owners to huge financial losses or put them out of business.

Our experienced professionals assess both corporate and personal exposures to liability and design programs that closes those gaps and protects business interests.