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If you’ve recently launched a business from home, it’s time to consider your insurance options. You can’t count on standard home insurance to protect your business assets. Although you can increase your property and liability protection by getting home endorsements, you’ll still have lapses in your coverage. At White Oak Insurance LLC, serving the greater Milford, CT community, we recommend purchasing business insurance to safeguard your home business and keep it running smoothly.

Commercial Insurance Options for Home Businesses

Starting a home business can be challenging enough without having to worry about insurance. By getting the right coverage from the start, you can focus on running and growing your business to help it succeed. Depending on the nature of your business, you may want one or more of the following commercial insurance options:

• General Liability – for protection against customer injuries while visiting your business or injuries customers may sustain from faulty products. If an injury leads to a lawsuit, liability insurance helps cover legal costs. 
• Commercial Property – protects your business equipment and products against theft or damage from disasters like fire, hurricanes, etc. This includes computers, copy/fax machines, office furniture, inventory and other equipment used for business purposes.  
• Business Interruption – covers business expenses like payroll and loss of income if your business has to close down due to disaster damage. Business interruption will even pay to relocate your business temporarily while repairs are made to your home/business site.

General liability, commercial property, and business interruption coverage can be bundled together in a business owner’s policy (BOP). Other commercial coverage options include worker’s comp to protect employees against injuries on the job and commercial auto insurance to cover vehicles used for business purposes.  

Where to Purchase Commercial Coverage

To purchase a BOP or other commercial coverage for your home business, contact White Oak Insurance LLC in Milford, CT today.

The insurance coverage needs of your company can change over time. That’s why it’s important for business owners to periodically update their policies. At White Oak Insurance LLC, we can help you with updating your insurance coverage on your company in Milford, CT. 

The following are three signs that you need to update your commercial insurance policy:

You’re getting involved with new operations.

If you’ve changed your operations by manufacturing a new type of product or offering new services, your company might face new risks. This means that you need to update your coverage to protect yourself against these new risks to ensure the financial health and security of your company. 

Your company has grown.

Larger companies need more commercial insurance coverage. When your company is larger, it typically means that you have more employees and that you’re dealing with more customers. A larger company also most likely has more facilities and equipment.

Reevaluate your commercial insurance policy if your company has grown significantly since you first purchased your policy. 

You’ve invested in new equipment or properties. 

It’s important that your commercial insurance covers your company’s assets. Assets including your equipment and your commercial facilities are valuable and require large investments of capital.

Make sure that your commercial insurance policy insures you up to the full value of your company’s equipment and real estate. You definitely need to update your policy if you’ve made large investments in these types of assets without changing your coverage amounts. 

Is it time to update your commercial insurance policy?

We’re here to help. Call us at White Oak Insurance LLC for commercial insurance coverage for your business in Milford, CT. 

If you or your family have more than one business in Milford, CT, you might wonder if your commercial insurance policy from White Oak Insurance LLC can cover more than one business. The answer is maybe! It all depends on the details of your policy. Let’s take a closer look at how commercial insurance works and whether or not it can cover more than one business.

How Commercial Insurance Works

Commercial insurance is a type of insurance that helps businesses protect themselves from financial losses. This can include losses due to property damage, liability, or even theft. Commercial insurance can help businesses keep their doors open after an unexpected event by helping to cover the cost of repairs or replacements.

Can Commercial Insurance Cover More Than One Business?

It depends on the details of your policy. Some commercial insurance policies will only cover one business, while others will cover multiple businesses. If you’re not sure whether or not your policy covers more than one business, the best thing to do is check with us. We can give you specific information about your policy and what it covers.

Contact Us Today

If you have more than one business, you might wonder if your commercial insurance policy can cover more than one business. The answer is maybe! It all depends on the details of your policy.

Be sure to check with White Oak Insurance LLC to find out exactly what your policy covers. In most cases, commercial insurance can help protect your Milford, CT businesses from financial losses due to property damage, liability, or even theft. Having this type of coverage can help you keep your doors open after an unexpected event.