| -- End Ad Box ---> | | | | pieces can also add up to a small fortune. Chairs, |
| With the boom of the internet, more and more home | | | | desks, filing cabinets and all its contents could run into |
| based businesses are popping up all over Australia. | | | | the thousands to be replaced, so to be sure, you may |
| While there is money to be made, many home based | | | | need to take out additional insurance that covers a |
| business owners forget the importance of insurance. | | | | home based business. |
| While you may have home and contents insurance, | | | | Goods for Sale |
| that may not cover all of the goods that you use for | | | | Many business owners that make their money over |
| running your business. Here is a simple guide to what | | | | the internet often have to store all of the items they |
| kind of home based business items you may need to | | | | have for sale in their own home. If you are indeed one |
| be covered for. | | | | of these business owners, take a look around at your |
| Electronics | | | | goods and tally up just how much is sitting there. If all |
| There aren’t many businesses these days that | | | | of that was to be stolen, how much would it cost to |
| don’t have a computer. Computers are not only | | | | have it replaced? No doubt, quite a lot. This is where |
| expensive, but more often than not, hold irreplaceable | | | | home based business insurance comes into the mix. It |
| information about your business. This can include | | | | is unlikely that your contents insurance would actually |
| account and bookkeeping information, client contact | | | | cover these items, so taking home based business |
| details, documents, intellectual property and a number | | | | insurance out is a very wise move. |
| of other pieces of data that keep your business | | | | Liability |
| humming along. What would happen if this computer | | | | Do you have clients or customers coming around to |
| was stolen or destroyed in a fire? Would it be | | | | visit you at your home office? If they happen to hurt |
| covered by your contents insurance? Or does it need | | | | themselves, by tripping over a cord, or falling down |
| to be added? Many other pieces of expensive | | | | your front steps, would you be covered for their |
| equipment could also fall into that bracket — | | | | medical expenses, should they wish to sue you? It |
| items like photocopiers, printers, fax machines and | | | | may sound like a case of that would never happen |
| even broadband modems. Many of these items may | | | | to me, but in reality, it very well could. |
| not be covered in your current insurance policy as | | | | If you have your home set up as a place of business, |
| they might not be deemed normal household contents. | | | | there is no reason why you shouldn’t be insured |
| Furniture | | | | like a business too. After all, it just makes good |
| If you have a full office set up in your home, these | | | | business sense, doesn’t it? |
